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If a project has an internal rate of return of 12% and a negative net present value, which of the following statements is TRUE ?
If a project has an internal rate of return of 12% and a negative net present value, which of the following statements is TRUE?
a. | The profitability index is greater than 1. |
b. | The profitability index is less than 1. |
c. d. | The profitability index is equal to 1. None of the above. |
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