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21. If a project has an internal rate of return of 12% and a negative net present value, which of the following statements is TRUE?

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21. If a project has an internal rate of return of 12% and a negative net present value, which of the following statements is TRUE? a. The profitability index is greater than 1. 5 b. The profitability index is less than 1. c. The profitability index is equal to 1. d. None of the above

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