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  3. you work for an outdoor play structure manufacturi

You work for an outdoor play structure manufacturing company and are trying to decide between...

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Finance

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You work for an outdoor play structure manufacturing company and are trying to decide between the following two projects: Year-End Cash Flows ($ thousands) Project 1 2 IRR Playhouse (minor project) -28 16 22 21.7% Fort (major poject) - 80 39 50 7.1% 0 You can undertake only one project. If your cost of capital is 4%, use the incremental IRR rule to make the correct decision. The incremental IRR is %. (Round to two decimal places.) With that incremental IRR and a cost of capital of 4%, you should undertake the (Select from the drop-down menu.)

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