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Which of the following statements regarding the Internal Rate of Return (IRR) is incorrect ? A. IRR is the discount rate at which the projects
Which of the following statements regarding the Internal Rate of Return (IRR) is incorrect?
A. IRR is the discount rate at which the projects NPV = 0.
B. If the IRR is greater than the required rate of return, the project is acceptable.
C. To find the IRR of a project you need to know the projects cash flows and discount rate.
D. For some projects there can be multiple IRRs or no IRRs.
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