Project A involves an investment of ($1) million, and project B involves an investment of ($2) million.
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Project A involves an investment of \($1\) million, and project B involves an investment of \($2\) million. Both projects have a unique internal rate of return of 20 percent. Is the following statement true or false? Explain your answer.
For any discount rate between 0 percent and 20 percent, inclusive, project B has an NPV twice as great as that of project A.
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