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Assume Project A has a present value of net cash inflows of $79,600 and an initial investment of $60,000

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Assume Project A has a present value of net cash inflows of $79,600 and an initial investment of $60,000. Project B has a present value of net cash inflows of $82,500 and an initial investment of $75,000. Assuming the projects are mutually exclusive, which project should management select? Justify your answer through work out.