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The textbook defines that the IRR is the discount rate that makes the NPV of the project zero. Beyond the textbook definition, explain in your
The textbook defines that the IRR is the discount rate that makes the NPV of the project zero. Beyond the textbook definition, explain in your own words what the 17% IRR means. 3. Then, assuming the project generates an annuity cash flow (i.e., a constant dollar amount each year), complete this sentense that begins with "If my company takes the project and invest $250,000 now, we will be generating....(an amount of positive cash flow per year)"
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