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A firm is considering two mutually exclusive projects. They both have the same positive NPV at a discount rate of 11.8%. Project A's IRR is

image text in transcribed A firm is considering two mutually exclusive projects. They both have the same positive NPV at a discount rate of 11.8%. Project A's IRR is 21.5% and Project B's IRR is 16.4\%. If the required return on both projects is 9.7%, which project should the firm choose? The firm should choose both projects. The firm should reject both projects. There is not enough information to determine which project the firm should choose. Project B Project A

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