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Below are data for two mutually exclusive projects.The project lifetimes and the MARR are given in the table.Use rate of return (IRR or ROR) to

Below are data for two mutually exclusive projects.The project lifetimes and the MARR are given in the table.Use rate of return (IRR or ROR) to make the best decision regarding project selection.Whenever you calculate a rate of return, you may express it to the nearest percentage (e.g., 7%).

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