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16.The internal rate of return for a project is: Select one: a. equal to the average net cash inflow over the life of the project

16.The internal rate of return for a project is:

Select one:

a. equal to the average net cash inflow over the life of the project divided by the initial investment

b. the minimum rate of return for a project determined by equilibrium, risk-adjusted rates in the capital markets

c. the discount rate that makes the NPV for a project equal to 0

d. the minimum rate of return for a project set by the firm's managers

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