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Internal rate of return is calculated by: Finding the discount rate that forces the NPV of the project to zero. Adjusting the initial outlay of

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Internal rate of return is calculated by: Finding the discount rate that forces the NPV of the project to zero. Adjusting the initial outlay of the project so that it is equal to the discounted cash flows. Adjusting the inflow until the NPV is zero. All of the above. None of the above

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