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The Sloan Corporation is trying to choose between the following two mutually exclusive design projects. If the required return is 10 percent, what is the

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The Sloan Corporation is trying to choose between the following two mutually exclusive design projects. If the required return is 10 percent, what is the profitability index for each project? What is the NPV for each project? Annual cash flows: Year 0 Year 1 Year 2 Year 3 $ $ $ $ (51,000) 24,800 24,800 24,800 66 11 (14,400) 7,800 7,800 7,800 $ Required return 10%

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