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16. The IRR (Internal Rate of Return) is best described as a. Management's required rate of return on capital investment projects b. The industry average

16. The IRR (Internal Rate of Return) is best described as

a. Management's required rate of return on capital investment projects

b. The industry average rate of return on capital investment projects

c. The rate of return that causes a project's NPV to equal zero

d. The discount rate that causes a project's NPV to equal management's budgeted amount

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