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You have a $10-million capital budget and must make the decision about which investments your firm should accept for the coming year. Projects 1, 2,
You have a $10-million capital budget and must make the decision about which investments your firm should accept for the coming year. Projects 1, 2, and 3 are mutually exclusive, and Project 4 is independent of all three. The firm's cost of capital is 12%. a. Use the information on the three mutually exclusive projects to determine which of those three investments your firm should accept on the basis of NPV. b. Which of the three mutually exclusive projects should the firm accept on the basis of PI
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