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Which of the statements below describes the correct capital budgeting decision rule? i. Reject a project if the NPV is less than the IRR. ii.

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Which of the statements below describes the correct capital budgeting decision rule? i. Reject a project if the NPV is less than the IRR. ii. Accept a project if the cost of capital exceeds the IRR. iii. Reject a project if the cost of capital is above the IRR. iv. Accept a project if the cost of capital is more than the NPV

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