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Evaluate the following mutually exclusive projects using IRR as selection criterion. Assuming th discount rate to be 14%, which project-if either- would be selected? Project

Evaluate the following mutually exclusive projects using IRR as selection criterion. Assuming th discount rate to be 14%, which project-if either- would be selected? Project A costs $50,000 and returns $15,000 after-tax annually. Project B costs $35,000 and return $11,000 after-tax annually. Both projects last 5 years.

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