Question: Question 4 20 pts There are two projects, Project D and Project L, that are mutually exclusive. Both projects have normal cash flows. Project D

Question 4 20 pts There are two projects, Project D and Project L, that are mutually exclusive. Both projects have normal cash flows. Project D has a higher NPV than Project Lif the WACC is less than 10%, whereas Project L has a higher NPV if the WACC is higher than 10%. Based on this information, it must be the case that Project D has Project L. The same IRR as Not enough information to decide A lower IRR than O A higher IRR than
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