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Score: 0 of 1 pt 3 of 7 (complete) HW Score: 0%, 0 of 7 pts Warm-Up 10-3 (book/static) 3 Question Help Axis Corp. is

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Score: 0 of 1 pt 3 of 7 (complete) HW Score: 0%, 0 of 7 pts Warm-Up 10-3 (book/static) 3 Question Help Axis Corp. is considering an investment in the best of two mutually exclusive projects. Project Kelvin involves an overhaul of the existing system; it will cost $52,500 and generate cash inflows of $24,500 per year for the next 3 years. Project Thompson involves replacement of the existing system; it will cost $265,000 and generate cash inflows of $61,000 per year for 6 years. Using a(n) 8.75% cost of capital, calculate each project's NPV, and make a recommendation based on your findings

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