Question: Which mutually exclusive project would you select, if both are priced at $1,000 and your required return is 15%: Project A with three annual cash
Which mutually exclusive project would you select, if both are priced at $1,000 and your required return is 15%:
Project A with three annual cash flows of $1,000
Project B with three years of zero cash flow followed by three years of $1,500 annually
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