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If the project profitability index of an investment project is zero, then: ...

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Accounting

If the project profitability index of an investment project is zero, then:

the project's internal rate of return is less than the discount rate.
the project's internal rate of return is greater than the discount rate.
the project's internal rate of return is equal to the discount rate.

the relationship of the rate of return and the discount rate is impossible to determine from the data given

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