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Project X ' s IRR is 1 9 % and Project Y ' s IRR is 1 7 % . The projects have the same

Project X

'

s IRR is

19 %

and Project Y

'

s IRR is

17 % .

The projects have the same risk and the same lives, and each has constant cash flows during each year of their lives. If the WACC is

10 %,

Project Y has a higher NPV than X

.

Given this information, which of the following statements is CORRECT?

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