Question: If project 1 is selected, the remaining $900,000 will be invested immediately (Year 0) in a Bond that will pay the company $1,366,263.37 by the

If project 1 is selected, the remaining $900,000 will be invested immediately (Year 0) in a Bond that will pay the company $1,366,263.37 by the end of Year 4 (an 11% IRR). You are responsible for presenting the results to the investment committee. You provide the investment committee with the NPV and IRR for both projects. What is your recommendation on what project to pick and why? (5 points)

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