Question: If the net present value (NPV) is positive when an investment is discounted at 12%, we know that the internal rate of return (IRR) is:
If the net present value (NPV) is positive when an investment is discounted at 12%, we know that the internal rate of return (IRR) is:
| 1. | Less than 12% | |
| 2. | Equal to 12% | |
| 3. | Greater than 12% | |
| 4. | Greater than 0% |
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