Frazier Fudge, Inc. is considering 2 mutually exclusive projects with the following cash flows. Which project should be accepted? Assume a cost of capital of 10%. 
A) Project X because NPV is $27.4
B) Project Y because NPV is $31
C) Project X because IRR is 13.7%
D) Project Y because IRR is 12.2%
Correct Answer:
Verified
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