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1-The Internal Rate of Return - Is it generally true that an advantage of the IRR rule over the NPV rule is that we dont

1-The Internal Rate of Return - Is it generally true that an advantage of the IRR rule over the NPV rule is that we dont need to know the required return to use the IRR rule?

2-The Profitability Index - What does the profitability index measure? How would you state the profitability index rule?

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