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If NPV =3,000 AT 5% and NPV= -1,000 at 10% then the IRR must be : a) Equal to 0 b) less than 5% c)

If NPV =3,000 AT 5% and NPV= -1,000 at 10% then the IRR must be :

a) Equal to 0 b) less than 5% c) between 5% and 10% d) more than 10% e) cant be determined from the information given.

explain your answer.

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