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The internal rate of return (IRR) is: A.) the discount rate that makes NPV negative. B.) the rate of return that makes the NPV positive.

The internal rate of return (IRR) is:

A.) the discount rate that makes NPV negative.

B.) the rate of return that makes the NPV positive.

C.) the discount rate that makes NPV positive.

D.) the discount rate that equates the present value of the cash inflows with the present value of the cash outflows.

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