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The following project involve upfront investments that generate perpetual cash flows at the end of each year. Assume unlimited capital and no mutual exclusion. Fill

The following project involve upfront investments that generate perpetual cash flows at the end of each year. Assume unlimited capital and no mutual exclusion. Fill the blanks:

Project Investment Perpetual Cash Flows Discount Rate NPV IRR Accept/Reject?
A $5 million $1 million per year 25%
B $4 million $1 million per year 20%
C $10 million $1 million per year 9%

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