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Which one of the following statements is most likely correct? Select one: O a. When the internal rate of return is less than the required

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Which one of the following statements is most likely correct? Select one: O a. When the internal rate of return is less than the required rate, the project should be accepted O b. One drawback of the net present value model is that time value of money is ignored O c. Average accounting return (AAR) is normally defined as the Average Accounting Profit divided by the Average Book Value of the Project's Assets O d. A negative net present value indicates that a project is acceptable O e. Profitability index projects of less than 1.0 should be accepted age

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