Businesses with severe capital rationing constraints should use IRR more than NPV. Do you agree? Explain.

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Businesses with severe capital rationing constraints should use IRR more than NPV. Do you agree? Explain.
Capital Rationing
Capital rationing is the act of placing restrictions on the amount of new investments or projects undertaken by a company. Capital rationing is the decision process used to select capital projects when there is a limited amount of funding available....
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