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The founders of a business are interested in investing in a project in the coming year. The two projects are mutually exclusive. The estimated cash

The founders of a business are interested in investing in a project in the coming year. The two projects are mutually exclusive. The estimated cash flows of the two projects are indicated as follows. The company's Weighted Average Cost of Capital (WACC) is 9%.

The following table shows the data from the previous spreadsheet exercise and the correct IRR calculation.

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