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Consider two mutually exclusive projects A and B: Project A B Cash Flows (dollars) -32,500 23,000 23,000 -52,500 35,500 35,500 23.00 NPV at 128 +$6,371

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Consider two mutually exclusive projects A and B: Project A B Cash Flows (dollars) -32,500 23,000 23,000 -52,500 35,500 35,500 23.00 NPV at 128 +$6,371 +7,497 a. Calculate IRRs for A and B. (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places.) Project IRR % b. Which project does the IRR rule suggest is best? O Project A Project B

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