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Discuss the following statement: If a firm has only independent project, a constant WACC, and project with normal cash flows, the NPV and the IRR
Discuss the following statement: If a firm has only independent project, a constant WACC, and project with normal cash flows, the NPV and the IRR methods will always lead to identical capital budgeting decisions. What does this imply about the choice between IRR and NPV? If each of the assumptions were change(one by one), how would your answer change?
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