What reinvestment rate assumption is inherent in the internal rate of re- turn approach to capital budgeting?
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What reinvestment rate assumption is inherent in the internal rate of re- turn approach to capital budgeting? Why might it lead to decisions that conflict with the NPV approach?
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Financial Management For The Hospitality Industry
ISBN: 9780131179097
1st Edition
Authors: William P Andrew, James W Damitio
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