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3. You have the following information on four mutually exclusive projects with an equal life: Project NPV IRR A $35,000 11% B $20,000 20% C

3. You have the following information on four mutually exclusive projects with an equal life:

Project NPV IRR
A $35,000 11%
B $20,000 20%
C $15,300 18%
D $40,000 15%

Which project(s) should you choose?

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