Question: Gambet Enterprises has three possible projects. Each project requires the same initial investment of $1,000,000. Gambet's CFO has prepared the following cash flow projections for

 Gambet Enterprises has three possible projects. Each project requires the same

Gambet Enterprises has three possible projects. Each project requires the same initial investment of $1,000,000. Gambet's CFO has prepared the following cash flow projections for each project. Year Project X Project Y Project Z W N - $1,250,000 $0 $500,000 $1,250,000 $0 $2,000,000 $1,250,000 $0 $2,000,000 4 $1,250,000 $5,000,000 $ 500,000 Compute the net present value of each project at a 15% cost of capital. Which project should be chosen

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