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Which of the following statements is true about the internal rate of return (IRR) on a project? a. The trial-and-error method to find the internal

Which of the following statements is true about the internal rate of return (IRR) on a project? a. The trial-and-error method to find the internal rate of return (IRR) is the most commonly used. b. The internal rate of return (IRR) essentially calculates the rate that will equate the project investment to the NPV. c. The internal rate of return (IRR) in capital budgeting is similar to the yield to maturity (YTM) on a bond. d. The Excel method to find the internal rate of return (IRR) is complex and time consuming in comparison to using calculator functions. e. The internal rate of return (IRR) is calculated the exact opposite way as finding the NPV

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