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ATQ, Relative speed of the Leopard and the Deer = (96 – 60) = 36 km/hr Therefore, time in which the Leopard will catch the Deer = (12/36) × 60 = 20 minutes Therefore, t = 20 Distance covered by Leopard in (t – 16) hours = 96 × 4 = 384 km
In case of mutually exclusive projects and when NPV and IRR giving conflicting results, go for the project having higher IRR
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