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1. For a project that requires an investment outlay today, and generates cash inflows in the future , the NPV is a decreasing function of

1. For a project that requires an investment outlay today, and generates cash inflows in the future , the NPV is a decreasing function of the cost of capital. is this statement true?

2. "For mutually exclusive projects, choosing the project with the highest IRR will always lead to the optimal investment decision." is this statement true?

Thank you for your time.

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