Question: A company is trying to decide between two independent projects. Each project has a cost of capital of 12%. Project A has an IRR of

A company is trying to decide between two independent projects. Each project has a cost of capital of 12%. Project A has an IRR of 11.4%. Project B has an IRR of 11.1%. Which project should the company choose if the goal of the firm is to maximize shareholder wealth?

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