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Which of the following statements is INCORRECT regarding capital budgeting tools? If the NPV is positive, the Profitability Index must be greater than 1. If
- Which of the following statements is INCORRECT regarding capital budgeting tools?
- If the NPV is positive, the Profitability Index must be greater than 1.
- If the IRR is greater than the required return, then the NPV will be positive.
- The discounted payback period will always be smaller than the payback period.
- The NPV is the best capital budgeting tool, as a general rule.
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