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Unequal lives: ANPV approach Portland Products is considering the purchase of one of three mutually exclusive projects for increasing production efficiency. The firm plans to
Unequal lives: ANPV approach Portland Products is considering the purchase of one of three mutually exclusive projects for increasing production efficiency. The firm plans to use a 14% cost of capital to evaluate these equal-risk projects. The ini- tial investment and annual cash inflows over the life of each project are shown in the following table 12-14
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