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Which of the following statements regarding the internal rate of return (IRR) is FALSE? IRR equals: A. net income/net investment. B. cash flows-depreciation expense/net investment.

Which of the following statements regarding the internal rate of return (IRR) is FALSE? IRR equals: A. net income/net investment. B. cash flows-depreciation expense/net investment. C. cash flows/net return on investment. D. that rate of return which equates the present value of the project's expected cash inflows with the present value of the project's cost

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