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    Exam 8: Net Present Value and Other Investment Criteria
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    NPV Fails as a Decision Rule When the Firm Encounters
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NPV Fails as a Decision Rule When the Firm Encounters

Question 15

Question 15

Multiple Choice

NPV fails as a decision rule when the firm encounters:


A) capital rationing.
B) mutually exclusive projects.
C) long-lived projects.
D) independent projects.

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