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BisonWorks Ranch Accessories is looking to expand. It has two expansion options, it can offer western work clothing or rodeo gear, but not both. The

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BisonWorks Ranch Accessories is looking to expand. It has two expansion options, it can offer western work clothing or rodeo gear, but not both. The rodeo gear is more expensive and difficult to stock, but would also produce higher cash flows. Which investment decision criteria should BisonWorks use to evaluate this choice? Neither NPV nor IRR is appropriate NPV Either NPV or IRR is appropriate IRR

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