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Please use excel formulas and show references if possible. 3. Lopez Industries has identified the following two mutually exclusive capital investment projects: What is the

Please use excel formulas and show references if possible.image text in transcribed

3. Lopez Industries has identified the following two mutually exclusive capital investment projects: What is the IRR for each of these projects? If you apply the IRR decision rule, which project should the company accept? Is this decision necessarily correct? If the required return is 11%, what is the NPV for each of these projects? Which project should the firm accept if they apply the NPV rule

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