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Statement 1: If the Excursion Hotel & Spa has two projects competing for execution, then the capital budgeting analysis should decide which project has the

Statement 1:

If the Excursion Hotel & Spa has two projects competing for execution, then the capital budgeting analysis should decide which project has the lowest increase in value for the firm.

Statement 2:

If the Citadel Resort & Spa has to decide between a hotel in Orlando or in Tampa, this is not an example of a mutually exclusive decision.

Both statements are correct

Statement 1 is incorrect; statement 2 is correct

Both statements are incorrect

Statement 1 is correct; statement 2 is incorrect

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