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Wrong investment decisions can occur if one relies on IRR instead of NPV when: a. projects are mutually exclusive b. projects are independent of one

Wrong investment decisions can occur if one relies on IRR instead of NPV when: a. projects are mutually exclusive b. projects are independent of one another c. a project has more than one NPV d. the first cash flow is negative and the remaining cash flows are positive e. the profitability index is greater than one

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