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Q 2 MagicMedia Ltd is considering two mutually exclusive projects. Project A costs R50m and will generate a net cash flow of R20m per year for four years. Project B costs R68m and will generate a net cash flow of R27m per year for four years. The residual value of either project at the end of four years is expected to be 30% of cost. The depreciation deduction is 20% per year on a straight-line basis. The cost of capital is 11% and the corporate tax rate is 28%. Which project should you select