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You've estimated the following cash flows (in $ million) for two mutually exclusive projects: Year Project A Project B 0 -29 -45 1 30 45

You've estimated the following cash flows (in $ million) for two mutually exclusive projects:

Year Project A Project B
0 -29 -45
1 30 45
2 40 50
3 50 50

The appropriate discount rate is 9%.

Part 1

What is the NPV of project A (in $ million)?

Part 2

What is the NPV of project B (in $ million)?

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