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CAPITAL BUDGETING. For a project with normal set of cash flows, if the IRR is 15% and profitability index is 1.85, the project's required rate

CAPITAL BUDGETING. For a project with normal set of cash flows, if the IRR is 15% and profitability index is 1.85, the project's required rate of return:

must be less than 15%

must be greater than 15%

must be equal to 15%

can be greater than or less than 15%

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