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9. Y-Bar uses IRR to evaluate projects. The company has a cost of capital of 15%. They are currently comparing two mutually exclusive projects with
9. Y-Bar uses IRR to evaluate projects. The company has a cost of capital of 15%. They are currently comparing two mutually exclusive projects with the following projected cash flows: Based on the information above, which statement is most accurate? a) The company will select project X as it has the highest NPV. b) The company will select project Y as it has the highest IRR. c) The company will select both project X and Y as the IRR of the projects are very similar. d) The company will not select either project X or Y on the bases of IRR. e) None of the above
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