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A manager must decide between two mutually exclusive projects. Consider the following: Project X Project X $500,000 Net Present Value Internal Rate of Return

A manager must decide between two mutually exclusive projects. Consider thefollowing:Project X Project YNet Present Value 

A manager must decide between two mutually exclusive projects. Consider the following: Project X Project X $500,000 Net Present Value Internal Rate of Return 15% The company will invest in any project that earns at least 14% because the company has determined they can reinvest the cash inflows from the project at at least 14%. Which project will the manager choose? Neither Either Project X or Project Y Project Y Project Y $485,000 13%

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