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Which mutually exclusive project would you select, if both are priced at $1,000 and your discount rate is 15%: Project A with three annual cash flows of $1,000; or project B, with 3 years of zero cash flow followed by 3 years of $1,500 annually? a. Project A. b. Project B. c. You are indifferent since the NPVs are equal. d. Neither project should be selected. e. None of the above

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