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15. Briefly discuss the following: (2.5 marks each) a. Meaning of ARR and reasons for its continued popularity b. Meaning of IRR and its characteristics

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15. Briefly discuss the following: (2.5 marks each) a. Meaning of ARR and reasons for its continued popularity b. Meaning of IRR and its characteristics 11. What is meant by working capital? What are the advantages of effective working capital management? (1.5 + 1.5 marks)

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