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Which of the following is correct? NPV and IRR are both subject to cash flow estimation error. All of the above are correct. Payback uses

Which of the following is correct?

  • NPV and IRR are both subject to cash flow estimation error.
  • All of the above are correct.
  • Payback uses all relevant cash flows in its analysis.
  • IRR is preferred over NPV when the two methods conflict.

I chose "All of the above are correct" was this the correct answer?

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