Why is it inappropriate to simply pick the higher NPV project when comparing mutually exclusive investment opportunities

Question:

Why is it inappropriate to simply pick the higher NPV project when comparing mutually exclusive investment opportunities with different lives?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Corporate Finance

ISBN: 9780132992473

3rd Edition

Authors: Jonathan Berk, Peter DeMarzo

Question Posted: