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When evaluating mutually exclusive projects, remember: Multiple Choice the project with the higher IRR may have the higher NPV at one discount rate and a

When evaluating mutually exclusive projects, remember:
Multiple Choice
the project with the higher IRR may have the higher NPV at one discount rate and a lower NPV at another.
cash flows cannot be discounted when considering mutually exclusive projects.
mutually exclusive projects produce negative IRR values.
mutually exclusive projects always have multiple IRRs.
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