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5. Discuss briefly decisions on the following three projects: (1) NPV = $22 m; (2) IRR = 11% and required return is 12%; (3) discounted

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5. Discuss briefly decisions on the following three projects: (1) NPV = $22 m; (2) IRR = 11% and required return is 12%; (3) discounted payback is 2.65 years when outstanding bond issue matures in 3 years. (3)

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