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Dec 5, 2015 at 8:29 comment added Owen Biesel Thanks! At some point I started thinking of finite projective algebras as not just locally free, but locally admitting a basis that contains 1. The proof I eventually came across was that since $R\hookrightarrow S$ is a pure submodule and $S$ is flat, the quotient $S/R$ is also flat. It's also finitely presented if $S$ is, hence projective, hence the exact sequence $0\to R\to S\to S/R \to 0$ splits.
Dec 4, 2015 at 17:59 history answered John Voight CC BY-SA 3.0