Project Airmax has an initial cost of $609,247 and projected cash flows of $279,500, $316,700, and $182,900 for Years 1 to 3, respectively. Project Best Sound has an initial cost of $423,500 and projected cash flows of $182,500, $192,400, and $176,310 for Years 1 to 3, respectively. What is the incremental IRR of these two mutually exclusive projects?

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To find the incremental internal rate of return IRR of two mutually exclusive projects we need to de... View the full answer