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When using the interpolation method to evaluate the IRR of a project, we found that PW(10%) = 1200 and PW(12%) = -100. Based on these

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When using the interpolation method to evaluate the IRR of a project, we found that PW(10%) = 1200 and PW(12%) = -100. Based on these information, we can then calculate the IRR of this project using thd equation IRR = 100"(12%-10%)/(1200+ 100) + 10%. (T/F) Please explain your choice

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