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You found the following two mutually exclusive investments. You require a 18% ROI, a payback period of 5 years, and discounted payback period of 7

You found the following two mutually exclusive investments. You require a 18% ROI, a payback period of 5 years, and discounted payback period of 7 years. Investment A Investment B Investment Cost $10,000 $18,000 NPV $1,500 $1,900 IRR 27.00% 25.00% Payback Period 4 years 5 years Discounted Payback Period 7 years 6 years Based on IRR, which investment would you choose? Select one: a. Investment A, offers higher IRR. b. Investment B, offers lower IRR. c. None of the investments, doesn't offer enough IRR. d. Cannot compare based on IRR. Both exceed ROI.

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