Question: Two MUTUALLY EXCLUSIVE projects C and D have the following cash flows 4 Year Project C -$18,800 8,500 $5,400 $4,700 S3,100 $2,600 Project D -$23,500

 Two MUTUALLY EXCLUSIVE projects C and D have the following cash

Two MUTUALLY EXCLUSIVE projects C and D have the following cash flows 4 Year Project C -$18,800 8,500 $5,400 $4,700 S3,100 $2,600 Project D -$23,500 8,920 $ 7,092 $6,115 $4,980 $3,206 If the appropriate discount rate is 8%, which project should we choose? Please show your work and reasoning

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