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An analyst determined that an independent, financing-type project has an IRR of 18.7 percent. The firm's required rate of return is 15 percent. The analyst

An analyst determined that an independent, financing-type project has an IRR of 18.7 percent. The firm's required rate of return is 15 percent. The analyst can reasonably conclude that a)initial cash flow is negative b)the NPV is positive c) the cash flows are conventional d)the decision to accept or reject cannot be based on IRR e) the project should be rejected

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