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The following is estimated for two mutually exclusive projects: Project P Project Project cost of capital 8% 10% Net present value $1.2 million $1.0 million

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The following is estimated for two mutually exclusive projects: Project P Project Project cost of capital 8% 10% Net present value $1.2 million $1.0 million Internal rate of return 10% 12% The decision should be to accept project Q only O accept both projects reject both projects O accept Project P only

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