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Determine which of two investment projects a manager should choose if the discount rate of the firm is 10 percent. The first project promises a profit of $100,000 in each of the next four years, while the second project promises a profit of $75,000 in each of the next six years.
Actual question
Determine which if the two investment projects of the manager should choose if the discount rate of the firm is 20 percent.
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