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There are two projects which you can possibly invest in, Project A and Project B. Each of them requires an initial outlay of $1,000,000. You

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There are two projects which you can possibly invest in, Project A and Project B. Each of them requires an initial outlay of $1,000,000. You are the finance manager who has to decide which one is worth pursuing. You can instead choose to put your funds in a bond that pays you 8% per annum. Use the following information for your calculations: Years AN 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Cash Flows (A) Cash Flows (B) 149203 171723 138450 152111 149225 152074 186710 148669 169598 129079 177404 147208 197720 159830 142593 197266 148365 143475 166986 147847 112232 177370 109324 120627 136517 a. Comment on the project that is to receive funding and explain your reasoning. b. What is the IRR in each of these projects? How do you interpret these numbers

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