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Please solve without Excel Consider the following two mutually exclusive projects: Whichever project you choose, if any, you require a 10% return on your investment.

image text in transcribedPlease solve without Excel

Consider the following two mutually exclusive projects: Whichever project you choose, if any, you require a 10% return on your investment. A. If you apply the payback criterion, which investment will you choose? Why? B. If you apply the discounted payback criterion, which investment will you choose? Why? C. If you apply the NPV criterion, which investment will you choose? Why? D. If you incorrectly apply the IRR criteria (not I-IRR), which investment will you choose? If you correctly apply the I-IRR criteria, which investment will you choose? Why? E. Based on your answers in (A) through (D), which project will you finally choose? Why

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