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The Las Vegas Aces ownership are considering two new facility proposals. This is a 20 year project where the cost of capital is 11% and

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The Las Vegas Aces ownership are considering two new facility proposals. This is a 20 year project where the cost of capital is 11% and the acceptsble payback period is 7 years. Project One: Initial cost is $600m. Revenue will be $150m in year 1,$125m in years 26,$110m in years 7.12 , and $100m in years 1320. Project Two: Initial cost is $500m. Revenue will be $125m in years 15,$110m in years 69, and $100m in years 1020. What is the payback period for Project One? What is the payback period for Project Two? What is the NPV for Project One? Piease use the Excel formula. What is the NPV for Project Two? Please use the Excelformula. Should one use IRR or MiRR to evaluate the rate of retum on the projects? Using the correct answer to the sbove question, what is the rate of rotum for Project One? Using the correct answer to the above question, what is the rate of retum for Project Two? What project do you accept? Eriefle explain why did you accept the answer to the above

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