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A Project Has an Initial Cost of $20,000

Question 142

Multiple Choice

A project has an initial cost of $20,000.00 and no another costs throughout the life of the project. Assuming the project has a PI of 1.23, the IRR is ____.


A) greater than the discount rate
B) lower than the discount rate
C) equal to the discount rate
D) not comparable to the discount rate

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