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On a purely theoretical basis, the NPV is the better approach to capital budgeting due to all the following reasons EXCEPT for the reasonableness of
On a purely theoretical basis, the NPV is the better approach to capital budgeting due to all the following reasons EXCEPT for the reasonableness of the reinvestment rate assumption that it maximizes shareholder wealth. that it measures the benefits relative to the amount invested. that there may be multiple solutions for an IRR computation
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