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22. Projects with shorter payback periods have higher risk, as the company has less time to respond to unanticipated changes. True or False 23. If

22.

Projects with shorter payback periods have higher risk, as the company has less time to respond to unanticipated changes.

True or False

23.

If the internal rate of return (IRR) of an investment is lower than the hurdle rate, the project should be rejected.

True or False

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