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Question 5 10 pts 5. The internal rate of return of a project a. Changes when the cost of capital changes b. Is equal to
Question 5 10 pts 5. The internal rate of return of a project a. Changes when the cost of capital changes b. Is equal to the annual net cash flows divided by one half of the project's cost when the cash flows are an annuity c. Must exceed the weighted average cost of capital for the firm to accept the project d. Is interpreted as the required return on the project. e. Both c and d are correct
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