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The Michner Corporation is trying to choose between the following two mutually exclusive design projects: Year Cash Flow (I) Cash Flow (II) 0 $ 75,000

The Michner Corporation is trying to choose between the following two mutually exclusive design projects: Year Cash Flow (I) Cash Flow (II) 0 $ 75,000 $ 33,000 1 28,500 10,500 2 35,000 22,500 3 41,000 16,500 a-1. If the required return is 13 percent, what is the profitability index for each project? a-2 If the company applies the profitability index decision rule, which project should it take? b-1 If the required return is 13 percent, what is the NPV for each project? b-2 If the company applies the net present value decision rule, which project should it take

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