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16. NPV and IRR. Bee Ware Company is presented with the following two mutually exclusive projects. The required return for both projects is 15 percent.

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16. NPV and IRR. Bee Ware Company is presented with the following two mutually exclusive projects. The required return for both projects is 15 percent. Year 0 1 2 3 4 Project M -$190,000 75,000 90,000 85,000 70,000 Project N -$300,000 110,000 145,000 130,000 95,000 What is the IRR for each project? b. What is the NPV for each project? Which, if either, of the projects should the company accept? c

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