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I must choose between the two projects, X and Y, at 7% cost of capital. They are mutually exclusive projects with equal lives, where: Project

I must choose between the two projects, X and Y, at 7% cost of capital.

They are mutually exclusive projects with equal lives, where:

Project A Project B

IRR 8% 10%

NPV $140 $130

Which project is preferred and why ?

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