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An investor with a given discount rate becomes involved in a concession project from which he receives an income at the beginning of the project

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An investor with a given discount rate becomes involved in a concession project from which he receives an income at the beginning of the project and has to make subsequent payments. Given the IRR of the project, he can conclude that the project: Is good if the discount rate is higher than the IRR Is good if the IRR is higher than the discount rate Is good regardless of the discount rate It is impossible to tell if the proyect is good

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