Question: 1. Explain the difference between the two discounting models and the two non-discounting models. Why should the non-discounting models not be used for choosing among

1. Explain the difference between the two discounting models and the two non-discounting models. Why should the non-discounting models not be used for choosing among alternatives and only as a way to narrow the list of alternatives?

2. What is the difference between independent and mutually exclusive projects? How are the method of making a decision affected by each?

If you can only answer one of these questions, #1 I need the most thank you.

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