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Choose the answer below that is INCORRECT about independent capital budgeting projects. a. All independent projects with NPV>0 should be accepted if the capital budget

Choose the answer below that is INCORRECT about independent capital budgeting projects.

a.

All independent projects with NPV>0 should be accepted if the capital budget allows.
b.

Only the independent project with the highest NPV should be accepted, all others rejected.
c.

Independent projects perform different functions
d.

The IRR rule may be correctly used to choose from independent projects.

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