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Your company earned a $375,000 profit and wants to invest it in a new project....

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Accounting

Your company earned a $375,000 profit and wants to invest it in a new project. For a budget of $375,000 which of the following project should be selected?

Project Useful Life Cost Annual Benefit
1 4 $200,000.00 $52,500.00
2 4 $75,000.00 $27,500.00

Please solve using Excel and show functions needed. Thanks!

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