Question: When projects have different lives, the project selection should be based on the: a. shortest payback b. highest IRR. c. highest NPV. d. highest profitability

When projects have different lives, the project selection should be based on the:

a.

shortest payback

b.

highest IRR.

c.

highest NPV.

d.

highest profitability index.

e.

lowest equivalent annual cost.

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