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18 Investment A Investment B Which is these investments is the best? Why? m IRR NPV Period Initial Investment 29% 900 3 years 1,000 26%

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18 Investment A Investment B Which is these investments is the best? Why? m IRR NPV Period Initial Investment 29% 900 3 years 1,000 26% 1,000 3 years 1,000 Investment A Investment B Impossible to determine Both are equivalent

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