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Which of the following statements is INCORRECT when making an acceptance/rejection decision of a project? Accept if IRR is greater than the cost of capital.

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Which of the following statements is INCORRECT when making an acceptance/rejection decision of a project? Accept if IRR is greater than the cost of capital. Accept if the NPV is greater than 0. Accept if IRR is greater than 0. Accept if benefit/cost ratio is greater than or equal to 1. Question 5 5.66 pts Your firm has just sold a piece of property for $510,000, but under the sales agreement, it won't receive the $510,000 until 22 years from today. What is the present value of $510,000 if the discount rate is 12.15% annually? Round your answer to two decimal places. For example, if your answer is $345.667 enter as 345.67 and if your answer is .05718 or 5718% enter as 5.72 in the answer box provided. $40.924.75 $49,518.95 $46,654 22 $30,693.56 $43.789.49

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