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(TCO D) what are the advantages of using a methodology like net present value (NPV) over a methodology such as internal rate of return (IRR)?

(TCO D) what are the advantages of using a methodology like net present value (NPV) over a methodology such as internal rate of return (IRR)? Why might a firm use both qualitative and quantitative assessments in terms of evaluating a project? How would you handle the intangible benefits offered by a project?

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