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2. Which of the following statements is CORRECT? Assume that the project being considered has normal cash flows, with one outflow followed by a series

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2. Which of the following statements is CORRECT? Assume that the project being considered has normal cash flows, with one outflow followed by a series of inflows. a. A project's regular IRR is found by compounding the cash inflows at the cost of capital to find the present value (PV), then discounting the TV to find the IRR. b. If a project's IRR is smaller than the cost of capital, then its NPV will be positive. c. A project's IRR is the discount rate that causes the PV of the inflows to equal the project's cost. d. If a project's IRR is positive, then its NPV must also be positive. e. A project's regular IRR is found by compounding the initial cost at the cost of capital to find the terminal value (TV), then discounting the TV at the cost of capital

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