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Use the following information to answer next three questions: IOPIIRRLIFE Project 1 $300,0001.1214.38%15 years Project 2 $150,0001.0813.32%6 years Project 3 $100,0001.2016.46%3 years Assume that the

Use the following information to answer next three questions:

IOPIIRRLIFE

Project 1$300,0001.1214.38%15 years

Project 2$150,0001.0813.32%6 years

Project 3$100,0001.2016.46%3 years

Assume that the cost of capital is 12%.

If the firm has unlimited capital and each project is independent, which project(s) should be accepted?

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