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Differentiate between the Net Present Value (NPV) and the Internal Rate of Return (IRR) criteria in project evaluation. What are the steps required for each
Differentiate between the Net Present Value (NPV) and the Internal Rate of Return (IRR) criteria in project evaluation. What are the steps required for each of these criteria? Explain the conditions under which the two criteria will give you the same conclusions with respect to ranking project options? What will be your choice between these two criteria for selecting between different project options if the conditions are not met? Give reason(s) to support your choice of criteria.
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