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

question 63

True/False

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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Definitions:

Probability

The measure of the likelihood that an event will occur.

Probability

A numerical expression between 0 and 1 indicating the probability of an event happening.

Outcome

The result or effect of an action, situation, or decision.

Fraction

A numerical quantity that is not a whole number, representing a part of a whole.