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In which of the following situation will the IRR decision rule produce a reliable answer? 1. Project with normal cash flows II. Mutually exclusive projects

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In which of the following situation will the IRR decision rule produce a reliable answer? 1. Project with normal cash flows II. Mutually exclusive projects III. Project with non-conventional cash flows IV. Independent projects I, II, III and IV I only I and IV only I, II and III I and

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