Question: The Dickerson PR Firm is considering two mutually exclusive projects with useful lives of 3 and 6 years. The after-tax cash flows for projects S

 The Dickerson PR Firm is considering two mutually exclusive projects with

The Dickerson PR Firm is considering two mutually exclusive projects with useful lives of 3 and 6 years. The after-tax cash flows for projects S and L are listed below. Calculate the equivalent annual annuity for each project assuming a required return of 15%. What decision should be made

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