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a company would like to invest in one of two mutually exclusive projects a or b . the projects have negative cash flow at time

a company would like to invest in one of two mutually exclusive projects a or b. the projects have negative cash flow at time 0 and positive cash flows later on. the projects irrs are 15% for project a and 20%. an investor who requires a 0% rate of return will be indifferent regarding the choice of project

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