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For a project with normal cash flows, if IRR = the required return (discount rate), then NPV = 0, and the profitability index = 1.0.
For a project with normal cash flows, if IRR = the required return (discount rate), then NPV = 0, and the profitability index = 1.0.
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Fundamentals of Financial Accounting
Authors: Fred Phillips, Robert Libby, Patricia Libby
5th edition
978-0078025914
