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The IRR is the discount rate that produces a zero NPV or the specific discount rate at which the present value of the cost equals
The IRR is the discount rate that produces a zero NPV or the specific discount rate at which the present value of the cost equals ________.
| the present value of the cash outflow | |
| the future value of the present cash outflows | |
| the present value of the future benefits or cash inflows | |
| the investment |
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