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The net present value is more appropriately applied to assessing investment in comparison to the IRR when a) the investment is one-shot and cannot be
The net present value is more appropriately applied to assessing investment in comparison to the IRR when
a) the investment is one-shot and cannot be repeated
b) proceeds can be "plowed back" and reinvested, scaling up the original cash flow stream
c) there is a large negative cash outflow early on in the investment horizon
d) when there are negative cash outflows at later periods in the future representing maintenance costs
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