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  3. 1. consider the following two mutually exclusive p

1. Consider the following two mutually exclusive projects: Whichever project you choose, if any, you...

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1. Consider the following two mutually exclusive projects: Whichever project you choose, if any, you require a return of 6% on your investment. A. If you apply the payback criterion, which investment will you choose? B. If you apply the IRR criterion, which investment will you choose? C. If you apply the profitability index criterion, which investment will you choose

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