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Slide Financial Management - Chapter 12

CHAPTER 12 Other Topics in Capital Budgeting Evaluating projects with unequal lives Identifying embedded options Valuing real options in projects Evaluating projects with unequal lives Projects S and L are mutually exclusive, and will be repeated. If k = 10%, which is better? | CHAPTER 12 QI Other Topics in Capital Budgeting Evaluating projects with unequal lives Identifying embedded options Valuing real options in projects 12-1 Evaluating projects with unequal lives Projects S and L are mutually exclusive and will be repeated. If k 10 which is better Expected Net CFs Year Project S Project L 0 100 000 100 000 1 59 000 33 500 2 59 000 33 500 3 - 33 500 4 - 33 500 12-2 Solving for NPV with no repetition Enter CFs into calculator CFLO register for both projects and enter I YR 10 . . NPVS 2 397 . NPVL 6 190 Is Project L better Need replacement chain analysis. .