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IRR is not an ideal tool in project evaluation for the following reason: IRR cannot be used to choose mutually exclusive projects IRR cannot be

IRR is not an ideal tool in project evaluation for the following reason:

		IRR cannot be used to choose mutually exclusive projects
		IRR cannot be used when cash flows are non-conventional
		In projects with non-conventional cash flows, there could be multiple IRRs
		All of the above

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