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When selecting between two options (that have the same given lifespan), you notice that one has a higher IRR but a lower net present value.

When selecting between two options (that have the same given lifespan), you notice that one has a higher IRR but a lower net present value. The other has a lower IRR but a higher net present value. If you are confident in your discount rate and the projects are short term, which one would you pick and why?

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