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When the rate of return is equal to the discount rate the present value of an investment's benefits must be greater than its cost. the
When the rate of return is equal to the discount rate
| the present value of an investment's benefits must be greater than its cost. |
| the cost of an investment equals the sum of its benefits. |
| the cost of an investment equals the future value of its benefits. |
| the cost of an investment equals the present value of its benefits. |
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Practical Financial Management
Authors: William R. Lasher
6th Edition
1439080496, 978-1439080498
