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Humpty Dumpty Corp is considering two projects: Project A has an internal rate of return (IRR) of 12.5% and NPV of $150 million whereas Project

Humpty Dumpty Corp is considering two projects: Project A has an internal rate of return (IRR) of 12.5% and NPV of $150 million whereas Project B has an IRR of 22.9% and NPV of $140 million. Although Project A has a lower IRR, Humpty Dumpty went ahead with Project A. Explain Humpty Dumptys decision.

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