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Which one of the following has to occur if the NPV of an independent project is positive? The AAR will equal the IRR. The IRR

Which one of the following has to occur if the NPV of an independent project is positive?

The AAR will equal the IRR.

The IRR will be less than the required return.

The payback period will exceed the life of the project.

The PI will be greater than 1.0.

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