The problems are (a) you need to get the sign right to determine whether you should accept
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The problems are
(a) you need to get the sign right to determine whether you should accept the project above or below its hurdle rate;
(b) you need to make sure you have only one unique IRR (or work with a more complicated version of IRR, which we have not done);
(c) you cannot use it to compare different projects that have different scales; and
(d) you must know your cost of capital.
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