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Academics warn practitioners about overusing of IRR, and, nevertheless, IRR remains probably the most popular measure. What is making the IRR so attractive? And what

Academics warn practitioners about overusing of IRR, and, nevertheless, IRR remains probably the most popular measure. What is making the IRR so attractive? And what are the "dangers" of using IRR without NPV? You may use the textbook as your starting point, but please give your own examples, when using IRR as an investment criterion would lead, in your opinion, to a wrong decision.

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