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7.42 Consider the two mutually exclusive investment projects given in Table P7.42 for which MARR = 15%. On the basis of the IRR criterion, which

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7.42 Consider the two mutually exclusive investment projects given in Table P7.42 for which MARR = 15%. On the basis of the IRR criterion, which project would be selected under an infinite planning horizon with project repeatability likely? Assume a financing rate of 10%. TABLE P7.42 n 0 Net Cash Flow Project A Project B -$5,000 ---$10,000 $3,000 $8,000 $4,000 $8,000 $4,000 1 2 3 IRR 49.49% 39.97%

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