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Calabash Crab House is considering an investment in mutually exclusive kitchen-upgrade projects with the following cash flows:
Assuming Calabash has a 12.5% cost of capital, which of the following investment decisions is most appropriate? A. Accept Project A because its internal rate of return is higher than that of Project B. B. Accept Project B because its net present value is higher than that of Project A. C. Accept both projects because they both have positive net present values. |