Question: Companies that have positive-NPV projects should take those first; however, companies with only bad (negative-NPV) investments should still invest as long as the projects have

Companies that have positive-NPV projects should take those first; however, companies with only bad (negative-NPV) investments should still invest as long as the projects have a positive (above zero) rate of return, rather than paying out their excess cash through a share repurchase, because this allows companies to maximize shareholder value. True False

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