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As the director of capital budgeting for Denver Corporation; you are evaluating two mutually exclusive projects with the following net cish flows: If Denver's cost

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As the director of capital budgeting for Denver Corporation; you are evaluating two mutually exclusive projects with the following net cish flows: If Denver's cost of capital is 15 pereent, which project would you choose? Neither project should be chosen Project X, and Project Z, since both have a positive NPV. Project Z, since it has the higher NPV. Project X, since it has the higher NPV. Project Z, since it has the higher IRR

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