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Projects C and D are normal and mutually exclusive with the same WACC. Project C has a NPV of $10,000 and an IRR of 21%.

Projects C and D are normal and mutually exclusive with the same WACC. Project C has a NPV of $10,000 and an IRR of 21%. Project D has a NPV of $12,000 and an IRR of 19%. Which project(s) should be selected?

a.

Project C

b.

Project D

c.

Both projects C and D

d.

Neither project should be selected.

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