Question: Harvest Co. has to choose between two mutually exclusive projects, Project X and Project Y. The cost of capital of the company is 5% per
Harvest Co. has to choose between two mutually exclusive projects, Project X and Project Y. The cost of capital of the company is 5% per annum. Both projects will run for 4 years. The projected net cash flows in millions for both projects are in the table below. What are the net present values of Project X and Project Y, respectively?
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