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Consider the following two mutually exclusive projects: Year Project A Project B 0 -180,000 -18,000 1...

Consider the following two mutually exclusive projects:

Year Project A Project B

0 -180,000 -18,000

1 60,000 15,000

2 100,000 15,000

3 150,000 12,000

Calculate the internal rate of return, and net present value. Assume a discount rate of 15%. Which project should be selected?

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