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U3 Company is considering three long-term capital investment proposals. Each irvestment has a useful life of 5 years. Relevant data on each project are as

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U3 Company is considering three long-term capital investment proposals. Each irvestment has a useful life of 5 years. Relevant data on each project are as follows. Depreciation is computed by the straight-line method with no salvage value. The company's cost of capital is 15%. (Assume that cash flows occur evenly throughout the year) TABL. 4 Present Value of an Annuity of 1

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