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QUESTION
The internal rate of return (IRR) is a) the interest rate that breaks even a project's costs and benefits. b) the interest rate that allows an...
The internal rate of return (IRR) is
a) the interest rate that breaks even a project's costs and benefits.
b) the interest rate that allows an investor to recoup the initial investment in five years.
c) the interest rate that is set up by an investor to guarantee that the return on investment will be higher than from a bank account.
d) the interest rate that ensures positive net cash flows of a project.
