Consider two mutually exclusive projects a and b, each with normal cash flows that are negative at time zero and positive thereafter. project a has an irr of 18% and project b has an irr of 15%. if the required rate of return was 10% the two porjects would have equal net present value. however, the required rate of return is 8%, so which project, if any, should be adopted? adopt a since it has the higher irr. adopt a since it has the higher npv. adopt b since it has the higher npv. adopt either project since the npv is the same for both projects. reject both projects since the required return is less than both projects irr.
