For mutually exclusive projects,the project with the higher IRR (and not the number of profitable years)is the correct selection.

Name: For mutually exclusive projects,the project with the higher IRR (and not the number of profitable years)is the correct selection.
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Question

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For mutually exclusive projects, the project with the higher Net Present Value (NPV) should be selected, not necessarily the one with the higher Internal Rate of Return (IRR), as IRR can be misleading in such cases.

For Mutually Exclusive Projects,the Project with the Higher IRR (And