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please show readable work, thank you! 8. (15 Percent) A firm's WACC is 12%, and it is considering Projects X and Y, whose cash flows

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8. (15 Percent) A firm's WACC is 12%, and it is considering Projects X and Y, whose cash flows are shown below. These projects are mutually exclusive, equally risky, and not repeatable. The CEO wants to use the IRR criterion, while the CFO favors the NPV method. You were hired to advise the firm on the best procedure. If the wrong decision criterion is used, how much potential value would the firm lose? Please give your suggestions based on your analysis

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