Question
When projects have different lives, the project selection should be based on the: a. shortest payback b. highest IRR. c. highest NPV. d. highest profitability
When projects have different lives, the project selection should be based on the:
a.
shortest payback
b.
highest IRR.
c.
highest NPV.
d.
highest profitability index.
e.
lowest equivalent annual cost.
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Financial Theory and Corporate Policy
Authors: Thomas E. Copeland, J. Fred Weston, Kuldeep Shastri
4th edition
321127218, 978-0321179548, 321179544, 978-0321127211
