When mutually exclusive projects that differ only in their costs have different lives,

the project which should be selected will have the

@ highest IRR.

longest life.

lowest equivalent annual cost.

Highest Profitability Index.

highest NPV, discounted at the opportunity cost of capital.

When mutually exclusive projects that differ only in their costs have different lives,

the project which should be selected will have the:

highest IRR.

longest life.

lowest equivalent annual cost.

Highest Profitability Index.

highest NPV, discounted at the opportunity cost of capital.