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Suppose a company is choosing between two projects. The first project has an internal rate of return (IRR) of 9%, while the second project has

Suppose a company is choosing between two projects. The first project has an internal rate of return (IRR) of 9%, while the second project has an internal rate of return of 8%. The CEO believes that the first project will create additional shareholder value and should therefore be implemented. Do you agree with the CEO?

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