Question: 3. Consider the following two mutually exclusive projects: You require a 14% return on your inves a) If you apply the payback criterion, which investment

3. Consider the following two mutually exclusive projects: You require a 14% return on your inves a) If you apply the payback criterion, which investment will you choose? Why? b) If you apply the NPV criterion, which investment will you choose? Why? c) If you apply the IRR criterion, which investment will you choose? Why? d) Based on your answers in A,B, and C, which project will you finally choose? Why? Based on the following information: thich investment has the highest total risk (standard deviation)
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