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The internal rate of return is the discount rate that makes NPV negative and the PI greater than one. the discount rate that equates the

The internal rate of return is

the discount rate that makes NPV negative and the PI greater than one.

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

the rate of return that makes the NPV positive.

the discount rate that makes the NPV positive.

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