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Your company is considering two mutually-exclusive projects with very unequal lives. The company's cost of capital is 12 percent. The project cash flows are as

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Your company is considering two mutually-exclusive projects with very unequal lives. The company's cost of capital is 12 percent. The project cash flows are as follows: P -$25,000 $14.742 $14.742 $14,742 Year 0 1 2 3 4 5 6 7 8 9 O -$23,000 6,641 6,641 6,641 6,641 6,641 6,641 6,641 6,641 6,641 IRR 35% 25% a. Compare the projects using payback. b. Compare the projects using the IRR. c. Compare the projects using the replacement chain approach. d. Compare the projects using the equivalent annual annuity (EEA) method. e. Choose a project and justify your

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