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There can be issues associated with using IRR as a means of determining whether to accept or reject a project. One such issue is the

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There can be issues associated with using IRR as a means of determining whether to accept or reject a project. One such issue is the prospect of having multiple IRR's. A project will have more than one IRR if, and only if, the: cash flow pattern exhibits more than one sign change. primary IRR is negative. primary IRR is positive. NPV is zero, cash flow pattern exhibits exactly one sign change

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