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Which of the following statements regarding the internal rate of return is correct? The likelihood of accepting a project based on its IRR increases as

Which of the following statements regarding the internal rate of return is correct?

The likelihood of accepting a project based on its IRR increases as the company's discount rate decreases.

The likelihood of accepting a project based on its IRR increases as the company's discount rate increases.

There is no relationship between the decision to accept a project based on IRR and the company's discount rate.

None of the above.

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