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Use the following data to answer questions 1 - 5 : Wilson & Sons Inc. requires 1 5 % return on its investments. The company

Use the following data to answer questions 1-5:
Wilson & Sons Inc. requires 15% return on its investments. The company is
considering the following two mutually exclusive investment projects:
Calculate the Internal Rate of Return (IRR) for each project.
Which project is preferred, based on IRR?
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