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Given a MARR of 10%, you were tasked to choose between two mutually exclusive projects A and B using the Internal-Rate-of Return (IRR) criterion. If

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Given a MARR of 10%, you were tasked to choose between two mutually exclusive projects A and B using the Internal-Rate-of Return (IRR) criterion. If the IRR of project Ais 14% and the IRR of project B is 15%. MARR is 10%, then: a) Project A should be automatically chosen b) Project B should be automatically chosen c) Both are equivalent from the NPV and AEC perspectives d) Neither project A, nor project B should be selected since their IRR's > MARR e) None of the above

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