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Project A involves an investment of $1M and project B involves an investment of $2M Both projects have a unique internal rate of return of

Project A involves an investment of $1M and project B involves an investment of $2M Both projects have a unique internal rate of return of 20% Is the following statement true or false?

Explain “For any discount rate between 0 and 20% project B has an NPV of twice project A“.

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