c. Consider the following two mutually exclusive projects: Year Cash Flow (A) Cash Flow(A) 0...

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Accounting

c. Consider the following two mutually exclusive projects: Year Cash Flow (A) Cash Flow(A) 0 -$300,000 -$40,000 1 20,000 19,000 2 50,000 12,000 3 50,000 18,000 4 390,000 10,500 Whichever project you choose, if any, you require a 15% return on your investment ii. If you apply the profitability index criterion, which investment will you choose? Why?

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