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Unformatted text preview: while the IRR criterion implicitly assumes that the cash flows over the life of t return. e. Which project should be accepted? Why? Project B should be taken because it has the largest NPV. The NPV criterion assumption for the wealth-maximizing firm ns made by the NPV and IRR decision criteria. The ested at the required rate of return or cost of capital, the project can be reinvested at the internal rate of is preferred because it makes the most acceptable...
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- Spring '08