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ASB Corp. is considering the following two project proposals X and Y. The projected cash flows for project X, and Y are as follows: The effective annual required rate of return for both projects is 32%. Only one of the two projects can be accepted, Use the IRR method with incremental project (XY) to show which project is preferred and explain why. A. As long as the discount rate is greater than 17%, the NPV will be positive and project X should be accepted instead of project Y. B. Since the firm's required rate of return is 32%, then we should accept project Y instead of project X. C. Since there is an IRR between 80% and 50%, project Y should not be accepted instead of project X. D. Since the IRR is between 0% and 25%, and the discount rate is 32% project X should be accepted instead of project Y. E. None of the above are true. ASB Corp. is considering the following two project proposals X and Y. The projected cash flows for project X, and Y are as follows: The effective annual required rate of return for both projects is 32%. Only one of the two projects can be accepted, Use the IRR method with incremental project (XY) to show which project is preferred and explain why. A. As long as the discount rate is greater than 17%, the NPV will be positive and project X should be accepted instead of project Y. B. Since the firm's required rate of return is 32%, then we should accept project Y instead of project X. C. Since there is an IRR between 80% and 50%, project Y should not be accepted instead of project X. D. Since the IRR is between 0% and 25%, and the discount rate is 32% project X should be accepted instead of project Y. E. None of the above are true

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