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Problem 8-16 NPV and IRR [LO 3, 4] Kerron Company is presented with the following two mutually exclusive projects. The required return for both projects

Problem 8-16 NPV and IRR [LO 3, 4]

Kerron Company is presented with the following two mutually exclusive projects. The required return for both projects is 15 percent.

Year	Project M	Project N
0

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