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Tim's Inc. is considering undertaking one of two mutually exclusive projects: Project Thor: Requires an initial investment of $2.5 min, lasts 8 years and generates

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Tim's Inc. is considering undertaking one of two mutually exclusive projects: Project Thor: Requires an initial investment of $2.5 min, lasts 8 years and generates annual cash inflows of $1.25 mln. Project Zeus: Requires an initial investment of $5.5 mln and lasts 12 years. Cash inflows in the first year will be $1.25 min and will grow 3.5% per year. If Tim's WACC is 8.5%, then the firm should choose as its EAA is compared with for the other project. Express your answers in Smin with 2 decimal places (e.g. $12.346 min as 12.35)

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