Question
A decrease in the firm's discount rate (k) will increase NPV, which could change the accept/reject decision for a potential project. However, such a change
A decrease in the firm's discount rate (k) will increase NPV, which could change the accept/reject decision for a potential project. However, such a change would have no impact on the project's IRR, hence on the accept/reject decision under the IRR method
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Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Gordon Roberts, Hamdi Driss
8th Canadian Edition
01259270114, 9781259270116
