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A Capital Budgeting Project Has a Net Present Value of $30,000

Question 41

Multiple Choice

A capital budgeting project has a net present value of $30,000 and a modified internal rate of return of 15%.The project's required rate of return is 13%.The internal rate of return is


A) greater than $30,000.
B) less than 13%.
C) between 13% and 15%.
D) greater than 15%

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