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  3. the capital budgeting manager of conscientious company submitted the following...

Question: the capital budgeting manager of conscientious company submitted the following...

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The capital budgeting manager of conscientious company submitted the following report to the CFO:
Project. IRR. RISK
A. 9%. Low
B. 10%. Average
C. 12%. High

CCC generally takes risk into consideration by adjusting its average required rate of return, which equals 8%, when evaluating projects with risk that are either substantially higher than average. A 5% adjustment is made for high-risk projects, and a 2% adjustment is made for low-risk projects. If the above projects are independent, which projects should CCC purchase?
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