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Hilton Head Homes is expanding operations; the CFO estimates an IRR of 9% in location X. Location Y, however, presents with an IRR of 8%,
Hilton Head Homes is expanding operations; the CFO estimates an IRR of 9% in location X. Location Y, however, presents with an IRR of 8%, with the two projects being mutually exclusive. If the WACC is 11%, which location should the CFO choose?
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