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The net present value and internal rate of return desirability measures for two mutually exclusive investments being considered by Stockton Corporation follow. Year NPV IRR

The net present value and internal rate of return desirability measures for two mutually exclusive investments being considered by Stockton Corporation follow.

Year NPV IRR

R 161 14.60%

S 138 15.55%

Which investment should be chosen? Investment for Year R

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