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IRR is: a. The interest rate on Treasuries only. b. The implied interest rate on any project. c. A number that cannot be negative. d.

IRR is:

a. The interest rate on Treasuries only.

b. The implied interest rate on any project.

c. A number that cannot be negative.

d. A number that is always correctly defined, even for example, when cash flows switch signs multiple times.

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