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Mercken Industries is contemplating four projects: Project P. Project Q, Project R, and Project S....

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Accounting

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Mercken Industries is contemplating four projects: Project P. Project Q, Project R, and Project S. The capital costs and estimated after-tax net cash flows of each mutually exclusive project are listed below. Mercken's desired after-tax opportunity cost is 12 percent, and the company has a capital budget for the year of $450,000. Idle funds cannot be reinvested at greater than 12 percent. Refer to Mercken Industries. Which project(s) will the company choose

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