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Old 04-13-2012, 11:05 AM   #1 (permalink)
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Default Business Finance question!?

Mahjong, Inc., has identified the following two mutually exclusive projects:

Year Cash Flow (A) Cash Flow (B)
0 –$43,000 –$43,000
1 23,000 7,000
2 17,900 13,800
3 12,400 24,000
4 9,400 26,000












At a discount rate of ________ percent, you would be indifferent between these two projects.
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