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If the NPV of a project (with conventional cash flows) is $500 and the required rate of return is 8%, the IRR must be ______
If the NPV of a project (with conventional cash flows) is $500 and the required rate of return is 8%, the IRR must be ______ for the acceptance of the project.
Select one:
a.Greater than 8%
b.Equal to 8%
c.Less than 8%
d.none of the above is necessarily true
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