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The internal rate of return is the rate of return that makes the NPV positive. the discount rate that equates the present value of the

The internal rate of return is

the rate of return that makes the NPV positive.

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

the discount rate that makes the NPV greater than zero.

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

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