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You are choosing between two projects, but can only take one. The cash flows for the projects are given in the following table ($ million)
You are choosing between two projects, but can only take one. The cash flows for the projects are given in the following table ($ million) Year 0 - $48 $100 Year 2 $22 $39 Year 3 $22 Year 4 $13 Project Year 1 S25 $19 a. What are the IRRs of the two projects? b. If your discount rate is 5.1%, what are the NPVs of the two projects? c. Why do IRR and NPV rank the two projects differently
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