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7. (10 pts) An intern from SMU at your firm is confused by the NPV and IRR nules in the capital budgeting process. Please provide

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7. (10 pts) An intern from SMU at your firm is confused by the NPV and IRR nules in the capital budgeting process. Please provide an overview of how these rules work. Your answer should cover not only situations where the firm's projects are independent or if they are mutually exclusive, but also when the two rules will be in agreement or disagreement

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