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    Principles of Managerial Finance
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    Exam 10: Capital Budgeting Techniques
  5. Question
    The Internal Rate of Return (IRR) Is Defined as the Discount
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The Internal Rate of Return (IRR) Is Defined as the Discount

Question 59

Question 59

True/False

The internal rate of return (IRR) is defined as the discount rate that equates the net present value with the initial investment associated with a project.

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