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Wyoming Mining and Dakota Materials are separate firms that are both considering a new gold exploration project. Wyoming Mining is an actual gold mining business

Wyoming Mining and Dakota Materials are separate firms that are both considering a new gold exploration project. Wyoming Mining is an actual gold mining business and has an after-tax cost of capital of 21.40%. Dakota Materials is a gem retailer and has an after-tax cost of capital of 16.86%. The potential project has an initial cost of $704,243 and expected cashflows of $142,257/ year for 11 years. Which firm(s), if either, should accept the project?

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