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Consider the following two mutually exclusive projects: Whichever project you choose, if any, you require a 15 percent return on your investment. If you apply

image text in transcribed Consider the following two mutually exclusive projects: Whichever project you choose, if any, you require a 15 percent return on your investment. If you apply the payback criterion, which investment will you choose? Why? If you apply the NPV criterion, which investment will you choose? Why? If you apply the IRR criterion, which investment will you choose? Why? (note one project has an IRR of 26.90% and the other has an IRR of 38.30%, you just have to show me which one is which) Based on your answers in (a) through (d), which project will you finally choose? Why

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