Consider the following cash flows on two mutually exclusive projects for the Bahamas Recreation Corporation...
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Accounting
Consider the following cash flows on two mutually exclusive projects for the Bahamas Recreation Corporation BRC Both projects require an annual return of percent.
Year Deepwater Fishing New Submarine Ride
$ $
c Compute the NPV for both projects. Do not round intermediate calculations and round your answers to decimal places, eg
c Based on the NPV which project should you choose?
multiple choice
Submarine Ride
Deepwater Fishing
c Is the NPV decision consistent with the incremental IRR rule?
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