Question: What is the difference between a mutually exclusive project/investment and an independent project/investment? What is the best method or technique (NPV, IRR, Payback, Discounted Payback)

  1. What is the difference between a mutually exclusive project/investment and an independent project/investment? What is the best method or technique (NPV, IRR, Payback, Discounted Payback) to use in evaluating each type of project?

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