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If a company is practicing capital rationing, which of the following is an appropriate decision...

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Accounting

If a company is practicing capital rationing, which of the following is an appropriate decision rule for a choice between two projects? A. Select the project for which the payback period is greater. B. Select the project for which the internal rate of return is greater. C. Select the project for which the net present value is lower. D. All of the above are appropriate decision rules.

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