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When performing capital budgeting analysis, more than one internal rate of return (IRR) occurs when? A: the project cash flows change between negative and positive

When performing capital budgeting analysis, more than one internal rate of return (IRR) occurs when?

A: the project cash flows change between negative and positive more than once.

B: the projects are mutually exclusive.

C: there is more than one cost of capital estimate.

D: the projects have embedded real options.

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