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Consider the following cash flows of two mutually exclusive projects for Emory Electric Inc. Assume the discount rate of Emory Electric is 15%. a. Based

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Consider the following cash flows of two mutually exclusive projects for Emory Electric Inc. Assume the discount rate of Emory Electric is 15\%. a. Based on the NPV, which project would you choose? Why? b. Based on the IRR, which project would you choose? Why

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