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The following two statement applies to the Internal Rate of Return It refers to the difference between the initial investment and the PV of all
The following two statement applies to the Internal Rate of Return It refers to the difference between the initial investment and the PV of all future cashflows 0 0 0 0 For a long-lived asset this criterion sometimes gives multiple rates Invest in any project offering a rate of return that is higher than the opportunity cost of capital This criterion is called the golden standard due to the popularity of its use
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