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3. In a comparison of the NPV and IRR techniques, which of the following statements is true? A. Both methods give the same accept or

3. In a comparison of the NPV and IRR techniques, which of the following statements is true? A. Both methods give the same accept or reject decision, regardless of the pattern of the cash flows. B. IRR is technically superior to NPV and easier to calculate. C. The NPV approach is superior if discount rates are expected to vary over the life of the project. D. NPV and accounting ROCE can be confused.

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