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Which of the following statements is incorrect? a) Rising interest rates will lower the NPV of projects. b) If projects are mutually exclusive, choose the

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Which of the following statements is incorrect? a) Rising interest rates will lower the NPV of projects. b) If projects are mutually exclusive, choose the combination that maximizes average IRR. c) To evaluate projects with unequal lives, use the equivalent annual annuity (EAA). d) If a project's IRR greatly exceeds the firm's cost of capital, the MIRR should be used

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