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21. Which of the following statements regarding capital budgeting analysis is not most correct? NPV assumes reinvest at the opportunity cost of capital. IRR assumes

21. Which of the following statements regarding capital budgeting analysis is not most correct? NPV assumes reinvest at the opportunity cost of capital. IRR assumes reinvest at IRR. Reinvest at opportunity cost, r, is more realistic, so NPV method is best. None of the above statements is correct.

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