The cash flows for two investment projects are as given in Table P6.20 (a) For project A,

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The cash flows for two investment projects are as given in Table P6.20
The cash flows for two investment projects are as given

(a) For project A, find the value of X that makes the equivalent annual receipts equal the equivalent annual disbursement at i = 15%.
(b) Would you accept project B at i = 12% based on an AE criterion?

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