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Two mutually exclusive projects, X and Y, have the following sequence of expected annual cash flows, starting at Year 0: Project Xi50,2,6,15,31 Project Y:50,25,12,8,3 At

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Two mutually exclusive projects, X and Y, have the following sequence of expected annual cash flows, starting at Year 0: Project Xi50,2,6,15,31 Project Y:50,25,12,8,3 At what discount rate will both projects have the same NPV? 7.5% 8.4% 5.0%6 (D) 10.2% (E) 3.4%

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