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What are the limitations of using IRR as a sole criterion for investment decision-making? 6. How does the timing of cash flows impact the calculation

 What are the limitations of using IRR as a sole criterion for investment decision-making?

 6. How does the timing of cash flows impact the calculation and interpretation of IRR?

 7. Can IRR be used for both simple and complex investment scenarios? If so, how?

 8. What are some practical applications of IRR in finance and investment analysis?  

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