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Please describe NPV, IRR and their relationship. How do you evaluate each for making an investment decision? If you were developing a capital budgeting process

  1. Please describe NPV, IRR and their relationship. How do you evaluate each for making an investment decision? If you were developing a capital budgeting process at your employer, how would you prioritize your projects? What is the NPV when IRR = WACC, IRR>WACC, and IRR

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