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Which of the following statements regarding internal rate of return (IRR) is CORRECT? A. IRR and NPV always generate the same decision rule for capital

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Which of the following statements regarding internal rate of return (IRR) is CORRECT? A. IRR and NPV always generate the same decision rule for capital budgeting decisions when cash flows are conventional. B. The IRR calculation directly addresses the risk of cash flows. C. IRR is the discount rate at which a project breaks even on a net present value basis. D. All of the above statements are correct

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