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Garage, Inc., has identified the following two mutually exclusive projects: Year Cash Flow $ Cash Flow (A) -$ 28,600 14,000 11,900 9,000 4,900 28,600 4,100
Garage, Inc., has identified the following two mutually exclusive projects: Year Cash Flow $ Cash Flow (A) -$ 28,600 14,000 11,900 9,000 4,900 28,600 4,100 9,600 14,800 16,400 a-1 What is the IRR for each of these projects? (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) IRR Project A Project B a-2 Using the IRR decision rule, which project should the company accept? O Project A Project B a-3 Is this decision necessarily correct? Yes
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