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You're trying to decide between two investments: Investment Alpha costs $1010 today, and pays off $1575 one year from today. Investment Bravo costs $5,210 today,

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You're trying to decide between two investments: Investment Alpha costs $1010 today, and pays off $1575 one year from today. Investment Bravo costs $5,210 today, and pays off $6025 one year from today. The two investments have the same risk, and therefore the same expected return of, E(r) = 4.25%. The investments are mutually exclusive. Which investment is better? Investment Alpha because it has the highest IRR Investment Alpha because it has the highest MIRR Investment Alpha because it has the highest fair NPV. Investment Bravo because it has the highest IRR Investment Bravo because it has the highest MIRR Investment Bravo because it has the highest fair NPV None of the above

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