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Why is it inappropriate to use IRR (internal rate of return) to assess the situation described in the question above? Select one: a. Without further
Why is it inappropriate to use IRR (internal rate of return) to assess the situation described in the question above? Select one: a. Without further information it is not possible to determine whether it is appropriate or inappropriate. b. It is inappropriate because the most useful way to assess a capital budgeting situation is to use payback period. c. It is inappropriate to use IRR in capital budgeting situations where there is more than one reversal of cash flow. d. The statement is false - it is appropriate to use IRR. e. None of the above
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