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Lets assume, the CEO believes the IRR is the best selection criterion where IRRL =9.71181%, IRRS = 12.24157%, while the CFO advocates the NPV. If

Lets assume, the CEO believes the IRR is the best selection criterion where IRRL =9.71181%, IRRS = 12.24157%, while the CFO advocates the NPV. If the decision is made by choosing IRR rather than NPV, how much, if any, value will be forgone? i.e., what's the chosen NPV versus the maximum possible NPV? Note that (1) "true value" is measured by NPV, and (2) under some conditions the choice of IRR vs. NPV might have

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