A project has unequal cash flows, and a manager guesses that the internal rate of return will
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A project has unequal cash flows, and a manager "guesses" that the internal rate of return will be 10 percent. If the net present value is positive at 10 percent, then:
a. The internal rate of return is greater than 10 percent
b. The internal rate of return is less than 10 percent
c. The internal rate of return is exactly 10 percent
d. None of the above are true
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