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I've had some difficulties understanding the following sentence. Could you please explain in a more understandable way with more details? Even if the negative cash
I've had some difficulties understanding the following sentence. Could you please explain in a more understandable way with more details?
Even if the negative cash flow precede the positive ones for the individual projects, it need not be true for the incremental cash flows. If not, the incremental IRR is difficult to interpret, and may not exist or may not be unique.
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