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You are evaluating two projects. Project A requires a cost of $15,000 and project B requires a cost of $40,800. Your cost of capital is

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You are evaluating two projects. Project "A" requires a cost of $15,000 and project "B" requires a cost of $40,800. Your cost of capital is 10%. The cash flows are as follows: Which project would you chose if they are mutually exclusive? Show the NPV, IRR and Equivalent Annuity for each and tell which test determines the winner

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