Question: Michael is analyzing two capital budgeting projects. He knows that if he accepts the first project, he must also accept the second project. Sarah is

Michael is analyzing two capital budgeting projects. He knows that if he accepts the first project, he must also accept the second project. Sarah is also analyzing two capital budgeting projects. However, her decision

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making process is slightly different because she knows that if she accepts one project, she must reject the other project. What is the difference between Michael's and Sarah's projects?

Michael is analyzing mutually exclusive projects, and Sarah is analyzing contingent projects.

Michael is analyzing contingent projects, and Sarah is analyzing mutually exclusive projects.

Michael is analyzing contingent projects, and Sarah is analyzing independent.

Michael is analyzing independent, and Sarah is analyzing mutually exclusive projects.

Michael is analyzing two capital budgeting

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