Question: Please provide a desscirptive answer to this question. Question 2. Capital Budgeting Rules (10 points) We learned in class that IRR is the most widely

Please provide a desscirptive answer to this question. Please provide a desscirptive answer to this question. Question 2. Capital Budgeting

Question 2. Capital Budgeting Rules (10 points) We learned in class that IRR is the most widely used capital budgeting rule. Please explain a situation when using IRR as a decision making rule might lead to a wrong decision when deciding between two mutually exclusive projects (i.e., you have to pick one of the project, you cannot invest in both of them)

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