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3 QUESTION 3 Which of the following statements is FALSE? A. It is possible that the internal rate of return (IRR) for an investment opportunity

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QUESTION 3 Which of the following statements is FALSE? A. It is possible that the internal rate of return (IRR) for an investment opportunity does not exist. B. According to the payback rule, if the payback period of an investment project is shorter than a pre-specified length of time, then you should accept the project. C. The IRR investment rule is based upon the notion that if the return on other alternatives is higher than the return on the considered investment opportunity, you should undertake this investment opportunity. D. It is possible that there is no discount rate that will set the Net Present Value of an investment opportunity equal to zero

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