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The present value of total costs over a five-year period for the April Project is $50,000. The net present value of total costs over a

The present value of total costs over a five-year period for the April Project is $50,000. The net present value of total costs over a 4-year period for the October Project is $40,000. The firm uses a discount rate of 9%. Which project should you choose and why?

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