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Cochran Corporation has a weighted average cost of capital of 1 1 % for projects of average risk.Projects of below average risk have a cost

Cochran Corporation has a weighted average cost of capital of 11% for projects of
average risk.Projects of below average risk have a cost of capital of 9%, while projects
of above risk have a cost of capital equal to 13%.Projects A and B are mutually
exclusive,whereas all other projects are independent.None of the projects will be
repeated.The following table summarizes the cash flows, IRRs and risk levels of the
projects. Which projects will the firm select for investment using both NPV and IRR
criteria?
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