Which of the following statements is CORRECT? a. Projects with non-normal cash flows always have...
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Finance
Which of the following statements is CORRECT? a. Projects with non-normal cash flows always have a unique IRR. b. The discount rate at which the cash flows of a project would break even at present value is called the IRR c. The IRR and the NPV methods always rank mutually exclusive projects in the same order d. A major disadvantage of the MIRR method is it does not properly account for the time value of money based on the economic cost of capital. e. One advantage of the NPV over the IRR is that NPV takes account of cash flows over a projects full life whereas IRR does not.
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