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Two mutually exclusive projects are analyzed using a 12.5% discount rate. Project 1 has a life of 6 years and Project 2 has a life
Two mutually exclusive projects are analyzed using a 12.5% discount rate. Project 1 has a life of 6 years and Project 2 has a life of 3 years. The NPV of Project 1 is $43 million. The equivalent annual annuity (in $millions) for Project 1 is:
Question 3 options:
| 10.61 |
| 9.82 |
| 12.31 |
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