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38. Which project should be chosen? All have the same useful life. 4.2 Project Payback period A 3.2 B 2.3 D 4.5 E 5.1 IRR 19% 18% 21% 20% 17% NPV (in millions) $19 $26 $21 $24 $25 a. Project A b. Project B c. Project C d. Project D e. Project E nodon which will be named RA