Question: The County Development Corporation ( CDC ) plans to take part in three possible development projects to be launched in this year denoted here as

The County Development Corporation (CDC) plans to take part in three possible development
projects to be launched in this year denoted here as Year 1. For simplicity, we assume that Year 1
just started. Each project requires a significant investment over the next few years, and then would
be sold upon completion. The estimated cash flows (selling prices and costs, in millions of dollars)
associated with each project are shown in the table below

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