A company that ranks projects on IRR will encourage managers to propose projects with quick paybacks and

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A company that ranks projects on IRR will encourage managers to propose projects with quick paybacks and low up-front investment. Is that statement correct? Explain.

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Principles of Corporate Finance

ISBN: 978-0072869460

7th edition

Authors: Richard A. Brealey, Stewart C. Myers

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Question Posted: Jun 08, 2011 03:53 AM

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A company that ranks projects on IRR will encourage managers to propose projects with quick paybacks and

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The statement is true because more immediate cash flow...View the full answer

Principles of Corporate Finance

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