Question: Project Y because it has the higher IRR. Project x because it has the higher NPV . Question 2 4 We accept projects with a
Project because it has the higher IRR.
Project because it has the higher NPV
Question
We accept projects with a positive NPV because it means that
We have recovered all our accounting costs
We are creating wealth for sharcholders
The project's expected return is equal to the cost of capital
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