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This capital budgeting technique has the following characteristics: Unit of measurement is rate, benchmark against cost of capital, uses TMV, work well with non-normal cash

This capital budgeting technique has the following characteristics: Unit of measurement is rate, benchmark against cost of capital, uses TMV, work well with non-normal cash flows but not choosing among projects.

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  1. internal rate of return
  2. modified internal rate of
  3. payback
  4. modified internal rate of and internal rate of return

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