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You are choosing between two projects. The cash flows for the projects are given in the following table (S million): Year 0 $50 - $99
You are choosing between two projects. The cash flows for the projects are given in the following table (S million): Year 0 $50 - $99 Year 1 $27 Year 2 $18 S38 Year 3 $18 Project Year 4 $14 b. If your discount rate is 45%, what are the NPVs of the two projects? c. Why do IRR and NPV rank the two projects differently
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