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A division manager is considering a project that requires a significant initial investment. The company's top management will not approve any project that does not

A division manager is considering a project that requires a significant initial investment. The company's top management will not approve any project that does not return at least 12%. The manager will most likely use which of the following capital investment models? a. payback period b. accounting rate of return c. internal rate of return d. net present value e. None of these choices are correct

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