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Assume you are evaluating 3 mutually exclusive investment projects, the NPV rule and IRR rule will give the same absolute yes/no decision on each project

"Assume you are evaluating 3 mutually exclusive investment projects, the NPV rule and IRR rule will give the same absolute yes/no decision on each project and will also generate the same relative rankings (i.e. they will agree on what is the best and what is the worst project.)"

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