You are considering the following two mutually exclusive projects. Both projects will be depreciated using straight-line depreciation to a zero book value over the life of the project. Neither project has any salvage value. 
Should you accept or reject these projects based on net present value analysis?
Definitions:
Caveat Emptor
A legal principle meaning "let the buyer beware," indicating that the buyer assumes the risk about the quality and condition of the product.
Legal Concept
A legal concept is a principle or idea in the field of law, which forms the basis for rules and actions within legal systems.
American Business Culture
Refers to the customs, behaviors, and values that the business community in the United States follows, emphasizing individualism, competition, and a market-driven economy.
Intellectual Property
Legal rights assigned to inventions, designs, artistic works, and symbols, protecting them from unauthorized use.
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