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Which of the following project/s should be accepted (completed)?
Required Rate of Return = 14%
Cash Flows:
Year Project 1 Project 2
0 -1,200,000 -1,500,000
1 400,000 500,000
2 400,000 500,000
3 400,000 500,000
4 400,000 500,000
Project 1 Only
Project 2 Only
Neither
Both
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