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which increases the value of a firm? I. A project with IRR of 15% when the WACC is 14% II. A project with NPV of

which increases the value of a firm?

I. A project with IRR of 15% when the WACC is 14%

II. A project with NPV of $18,950

III. A project with a payback of 2 years

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A. I, II, III

B. I and II

C. I only

D. II and III

E. II only

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