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Question 4 (1 point) Here are the cash flows for two mutually exclusive projects: Project A: -20,000 today: +8,000 in year 1: +8,000 in year
Question 4 (1 point) Here are the cash flows for two mutually exclusive projects: Project A: -20,000 today: +8,000 in year 1: +8,000 in year 2: +8,000 in year 3. Project B: -20,000 today: 0 in year 1:0 in year 2: +25,000 in year 3. Which project has the highest IRR? O 1) They have equal IRRs. 2) Project A 3) Project B
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