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50. The IRR is the discount rate that produces a zero NPV or the specific discount rate at which the present value of the cost

50. The IRR is the discount rate that produces a zero NPV or the specific discount rate at which the present value of the cost equals ________.

a. the future value of the present cash outflows.

b. the present value of the future benefits or cash inflows.

c. the present value of the cash outflow.

d. the investment

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