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You are considering the following two mutually exclusive projects. Project A Project B Year 0 -$15,000 -$30,000 Year 1 $ 5,000 $12,000 Year 2 $

You are considering the following two mutually exclusive projects. Project A Project B Year 0 -$15,000 -$30,000 Year 1 $ 5,000 $12,000 Year 2 $ 6,000 $11,000 Year 3 $ 7,000 $10,000 Year 4 $ 8,000 $ 9,000 The company's cost of capital is 3 percent, and it can get an unlimited amount of capital at that cost. Which project should the company choose based on NPV and IRR? What should be the final choice?

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