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What is the time value of money and why is it important? Describe the net present value (NPV) and internal rate of return (IRR) methodologies
What is the time value of money and why is it important? Describe the net present value (NPV) and internal rate of return (IRR) methodologies and their use in capital budgeting decisions. What is NPV when the discount rate (hurdle rate) equals IRR?
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