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A firm has identified three viable but mutually exclusive investment alternatives. The life of all three alternatives is estimated to be 5 years with negligible

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A firm has identified three viable but mutually exclusive investment alternatives. The life of all three alternatives is estimated to be 5 years with negligible salvage value. The MARR is 7% Find the alternative that should be selected by using the following: a. IRR on incremental investment. b. Present worth on incremental investment

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