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Number 1: Explain the answers to the following: (a) If the IRR of a project exceeds the required rate of return, what do you know

Number 1: Explain the answers to the following:

(a) If the IRR of a project exceeds the required rate of return, what do you know about the Modified Internal Rate of Return?

(b). Why should funds raised to satisfy the additional funds needed be considered long term funds?

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