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You are considering two projects that are independent of each other (in other words, you can choose to pursue both at the same time). Cash

You are considering two projects that are independent of each other (in other words, you can choose to pursue both at the same time). Cash flow projections for the projects are given below. Which project (if any) should you accept if the discount rate is 8 percent? What if the discount rate is 16 percent? Explain your answers (no reasoning means no credit)

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