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Project AQUA has a NPV of $50,000, project DRILL has a NPV of $40,000. Which of the following circumstances could make it possible to choose

Project AQUA has a NPV of $50,000, project DRILL has a NPV of $40,000. Which of the following circumstances could make it possible to choose DRILL over AQUA? (several answers may be correct)

a) The project AQUA has a shorter payback period.

b) The project AQUA is mandated.

c) The projects have unequal lives.

d) The project DRILL is mandated.

e) The project DRILL has a shorter payback period.

f) The projects are mutually exclusive.

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