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bachelor in business administration
Polytechnic State University Sanluis
Jan-2006 - Nov-2010
CPA
Polytechnic State University
Jan-2012 - Nov-2016
Professor
Harvard Square Academy (HS2)
Mar-2012 - Present
|
Garage, Inc., has identified the following two mutually exclusive projects: |
|
Year |
Cash Flow (A) |
 |
Cash Flow (B) |
||||
|
0 |
Ac€?o$ |
28,700 |
 |  |
Ac€?o$ |
28,700 |
 |
|
1 |
 |
14,100 |
 |  |  |
4,150 |
 |
|
2 |
 |
12,000 |
 |  |  |
9,650 |
 |
|
3 |
 |
9,050 |
 |  |  |
14,900 |
 |
|
4 |
 |
4,950 |
 |  |  |
16,500 |
 |
IRR
Project A= 17.85
Project B= 17.01
Required return is 12 percent, NPV is
Project A= 3043.04
Project B=3789.85
At what discount rate would the company be indifferent between these two projects? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))
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