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In what types of situations would capital budgeting decisions be made solely on the basis of project's net present value (NPV)? * Emphasis on solely

In what types of situations would capital budgeting decisions be made solely on the basis of project's net present value (NPV)? *Emphasis on solely* Identify potential reasons that might drive higher NPV for a given project. Why would a project choose NPV and not use IRR, payback, or discounted payback methods? Substantiate your response by providing an example to explain your thought process.

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