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The firm has access to two projects, Project Access and Project Believe. The IRR for project Access is 24.5%. The IRR of project Believe is

The firm has access to two projects, Project Access and Project Believe. The IRR for project Access is 24.5%. The IRR of project Believe is 24.3%; and the incremental IRR of project (Believe Access) is 20.1%. Project (Believe Access) is a traditional project with initial negative cash flows followed by positive cash flows. If Projects Believe and Access are independent and the firms cost of capital is 11%, what project(s) should the firm accept? Question 2 options: Accept neither project. Accept Project Access. Accept Project Believe. Accept both projects

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