2 pts Question 27 Carrie is the regional manager of In-N-Out Burger. Management has asked for a recommendation to expand into Colorado. She calculates the following NPV/IRR for each location, based on a WACC of 10%: City. NPV IRR Denver 6.1 12.2% -3.7 8.2% Springs Pueblo 41.0 31.5% Ft. Collins 41.9 34.6% If management says the project choice is MUTUALLY EXCLUSIVE, which location should she select? Springs, Lowest Net Present Value (NPV). Pueblo. Second Highest NPV and IRR. All of the locations. All of these locations have a positive Internal Rate of Return (IRR). Ft. Collins Highest Net Present Value (NPV) Denver. Largest population in Colorado