Question
Which of the following statements is FALSE? a.The IRR investment rule will identify the correct decision in many, but not all, situations. b.The IRR is
Which of the following statements is FALSE?
a.The IRR investment rule will identify the correct decision in many, but not all, situations.
b.The IRR is the rate of return that makes the NPV equal to zero.
c.There are situations in which multiple IRRs exist.
d.The IRR decision rule will always identify the correct investment decision because it ignores the time value of money.
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Analysis for Financial Management
Authors: Robert C. Higgins
12th edition
1259918963, 9781260140729 , 978-1259918964
