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A firm must choose from among the six capital budgeting proposals outlined below. The firm is subject to capital rationing and has a capital budget
A firm must choose from among the six capital budgeting proposals outlined below. The firm is subject to capital rationing and has a capital budget of $1,000,000; the firm's cost of capital is 14 percent.
a. Using the internal rate of return approach to ranking projects, which projects should the firm accept?
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