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Payback and Internal Rate of Return A project has perpetual cash flows of C per period, a cost of I , and a required return

  1. Payback and Internal Rate of Return A project has perpetual cash flows of Cper period, a cost of I, and a required return of R. What is the relationship between the projects payback and its IRR? What implications does your answer have for long-lived projects with relatively constant cash flows?

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