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3 projects have the following IRR: Project 1 IRR = 20.4% Project 2 IRR = 16.8% Project 3 IRR = 12.6% Which project should be

3 projects have the following IRR:
Project 1 IRR = 20.4%
Project 2 IRR = 16.8%
Project 3 IRR = 12.6%
Which project should be selected? Explain your reasoning in your own words.

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