Question: please explain by steps. don't use Excel functions please Question 12.02 The net present values of the following two projects are equal at an annual
Question 12.02 The net present values of the following two projects are equal at an annual effective interest rate of 8%. Project A requires an investment of 5,000 today. The investment pays 2,000 in one year and 5,000 in two years. Project B requires an investment of X two years from today. The investment pays 2,000 now and 5,000 in one year. Calculate X. A 5,000 B 5,468 C 5,936 D 6,405 E 6,873
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