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Garage, Inc., has identified the following two mutually exclusive projects: Year (A) Cash Flow Cash Flow (B) 28,300 28,300 3,950 13,700 11,600 9,450 14,500 8.850

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Garage, Inc., has identified the following two mutually exclusive projects: Year (A) Cash Flow Cash Flow (B) 28,300 28,300 3,950 13,700 11,600 9,450 14,500 8.850 16,100 4,750 a-1 What is the IRR for each of these projects? (Do not round intermediate calculations and round your final answers to 2 decimal places. (e.g., 32.16)) RR Project A Project B a-2 Using the IRR decision rule, which project should the company accept? o Project A Project B a-3 ls this decision necessarily correct? Yes, No

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