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ves Project 1 requires an original investment of $82,300. The project will yield cash flows of $16,000 per year for 8 years. Project 2 has

ves Project 1 requires an original investment of $82,300. The project will yield cash flows of $16,000 per year for 8 years. Project 2 has a computed net present value of $25,100 over a six-year life. Project 1 could be sold at the end of six years for a price of $61,000. Use the Present Value of $1 at Compound Interest and the Present Value of an Annuity of $1 at Compound Interest tables shown below. Present

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