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1. Which of the following statements is most correct? A decision to keep an old machine in service or to replace it with a new

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1. Which of the following statements is most correct? A decision to keep an old machine in service or to replace it with a new machine can be evaluated as a mutually exclusive project. if Investment A can be made only after Investment B, then the two investments are mutually exclusive. A project with a rapid payback will have a positive NPV. When the cost of capital increases, a project's NPV and IRR will decrease, None of the choices is correct. d

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