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The Matterhorn Corporation is trying to choose between the following two mutually exclusive design projects: Year Cash Flow (I) Cash Flow (II) 0 $ 80,000

The Matterhorn Corporation is trying to choose between the following two mutually exclusive design projects:

Year Cash Flow (I) Cash Flow (II)
0 $ 80,000 $ 38,000
1 31,000 13,000
2 40,000 27,500
3 46,000 19,500

b. If the required return is 14 percent, what is the NPV for each project? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)

Net present value
Project I $
Project II $

I cant figure out the NPV, i have figured out the profitability index of each and i got 1.11 and 1.20. Any help would be greatly appreciated!

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