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Which of the following is true about capital budgeting? NPV and IRR provide the same conclusions if projects are not mutually exclusive. NPV is always

  1. Which of the following is true about capital budgeting?

  1. NPV and IRR provide the same conclusions if projects are not mutually exclusive.
  2. NPV is always superior to IRR as an analysis tool when comparing projects.
  3. The Profitability Index (PI) is a superior tool to IRR for mutually exclusive projects.
  4. All of the above.

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