
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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A company is analyzing two mutually exclusive projects, S and L, with the following cash flows:
0 | 1 | 2 | 3 | 4 |
Project S | -$1,000 | $884.00 | $250 | $15 | $15 |
Project L | -$1,000 | $0 | $250 | $400 | $805.87 |
The company's WACC is 9.0%. What is the
___%
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