Assume that the project being considered has normal cash flows, with one outflow followed by a series
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Assume that the project being considered has normal cash flows, with one outflow followed by a series of inflows. A project's IRR is the discount rate that causes the PV of the inflows to equal the project's cost. Why do you think this is a correct statement?
Depending upon the context, the discount rate has two different definitions and usages. First, the discount rate refers to the interest rate charged to the commercial banks and other financial institutions for the loans they take from the Federal...
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The given statement is correct coz IRR Present Value of Cash flowsCost of Investment is equal to Zer...View the full answer
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Related Book For 
Intermediate Financial Management
ISBN: 978-1285850030
12th edition
Authors: Eugene F. Brigham, Phillip R. Daves
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