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Consider two investments A and B with the following sequences of cash flows: Net Cash Flow Project A Project B -$111000 -$102
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B9 X fc =IRR(B4:37) A B Cash flows Project A Project B 2 Year D ifference A A-B 4 0 5 $ 1 $ 2 $ 3 $ (111,000) $ 22,000 $ 22,0

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