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The Michner Corporation is trying to choose between the following two mutually exclusive design projects: a-1. If the required return is 11 percent, what is

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The Michner Corporation is trying to choose between the following two mutually exclusive design projects: a-1. If the required return is 11 percent, what is the profitability index for both projects? (Do not round intermediate calculations and round your answers to 3 decimal places, e.g., 32.161.) a- If the company applies the profitability index decision rule, which project should the 2. firm accept? Project 1 Project

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