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When considering two mutually exclusive projects, the firm should always select that project whose IRR is the highest PROVIDED THE PROJECTS HAVE THE SAME INITIAL COST. This statement is true regardless of whether the projects can be repeated or not.
Solar Cell
A device that converts light energy directly into electricity by the photovoltaic effect, typically used in solar panels.
Light Energy
The form of energy visible to the human eye, produced by photons, and used in various applications ranging from vision to photosynthesis.
Proximity Sensor
A sensor that detects the presence of nearby objects without any physical contact, often used in industrial applications to detect the position of parts and materials.
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