23. A firm with a cost of capital of 5% will make a decision about...

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23. A firm with a cost of capital of 5% will make a decision about two mutually exclusive projects. Project X requires an initial investment of $44,000 today and is expected to generate $13,000 for the next 12 years. Project Y requires an initial investment of $45,000 and is expected to generate $14,700 for the next 12 years. The firm will choose which has an NPV of Project y: $85,290 Project : $90,407 Project X; $85,290 Project X: $85,290 Project : $77,632

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