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When can the internal rate of return NOT be used as an evaluation tool in capital budgeting analysis? a. when faced w conventional cash flows

When can the internal rate of return NOT be used as an evaluation tool in capital budgeting analysis?

a. when faced w conventional cash flows

b. when comparing mutually exclusive projects

c. when multiple projects cant be accepted

d. when the 1st cash flow is ngaive and the following cash flows are all positive

e. when the cash flows are particularly large later on in the life of the project

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