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YOU ARE A FINANCIAL ANALYST FOR DAMON ELECTRONIC CORPORATION. THE DIRECTOR OF CAPITAL BUDGETING HAS ASKED YOU TO ANALYZE TWO PROPOSED CAPITAL INVESTMENTS, PROJECT X

YOU ARE A FINANCIAL ANALYST FOR DAMON ELECTRONIC CORPORATION. THE DIRECTOR OF CAPITAL BUDGETING HAS ASKED YOU TO ANALYZE TWO PROPOSED CAPITAL INVESTMENTS, PROJECT X AND Y. EACH PROJECT HAS A COST OF $10,500, AND THE COST OF CAPITAL IS 12%. CALCULATE THE NPV'S FOR BOTH? WHICH PROJECT IS BETTER?

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