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In working through Chapter 9 problems in our class textbook you have noticed that whether you are calculating IRR or NPV, the inputs are the
In working through Chapter 9 problems in our class textbook you have noticed that whether you are calculating IRR or NPV, the inputs are the same; in fact, the calculations are almost identical. Both methods also incorporate the same time value of money theory. If the measures are so close, why is NPV considered to be much superior to IRR?
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