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Which of the following is a capital budgeting technique that converts a project's cash flows using a more consistent reinvestment rate prior to applying the

Which of the following is a capital budgeting technique that converts a project's cash flows using a more consistent reinvestment rate prior to applying the Internal Rate of Return, IRR, decision rule?

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  • Net present value

  • Discounted payback

  • Modified internal rate of return

  • Profitability index

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