Question: Fiserv is trying to choose between the following two mutually exclusive design projects: Year Cash Flow (I) Cash Flow (II) 0 $500,000 $600,000 1 480,000

Fiserv is trying to choose between the following two mutually exclusive design projects: Year Cash Flow (I) Cash Flow (II) 0 $500,000 $600,000 1 480,000 120,000 2 120,000 630,000 What is the discount rate that equates the given two cash flows' net present values? Group of answer choices 16.59% 12.96% 8.79% 14.77%

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