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Brian Cliff is evaluating two mutually exclusive projects (expected cash flows shown below). The firm's cost of capital is 13.25 percent. Year Project B Project

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Brian Cliff is evaluating two mutually exclusive projects (expected cash flows shown below). The firm's cost of capital is 13.25 percent. Year Project B Project A (600) 200 310 400 (600) 400 260 100 NPV? IRR? Calculate the NPVs and IRRs for Projects A and B O Project A's NPV is $93.69, and Project B's NPV is $26.91 O Project A's NPV is greater than Project B's NPV by 67.79 Project A's IRR is 21.27 percent, and Project B's IRR is 16.27 percent. O Project A's NPV is greater than Project B's NPV by 71.25

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