Ed has to choose between Project A and Project B,which are mutually exclusive.Project A has an initial cost of $28,000 and an internal rate of return of 16 percent.Project B has an initial cost of $47,000 and an internal rate of return of 12 percent.Explain why the selection of the project with the higher internal rate of return could be a faulty decision.

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The Answer of Ed has to choose between Project A and Project B,which are mutually exclusive.Project A has an initial cost of $28,000 and an internal rate of return of 16 percent.Project B has an initial cost of $47,000 and an internal rate of return of 12 percent.Explain why the selection of the project with the higher internal rate of return could be a faulty decision.

Ed Has to Choose Between Project a and Project B,which