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Which of the following best illustrates the problem imposed by capital rationing? a. Bypassing projects that have positive NPVs b. Accepting projects with the highest

Which of the following best illustrates the problem imposed by capital rationing? a. Bypassing projects that have positive NPVs b. Accepting projects with the highest NPVs first c. Accepting projects with the highest IRRs first d. Bypassing projects that have positive IRRs

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