Question: Need help solving this problem. Please provide formulas and steps. 8. Net Present Value The investment in Project A is $1 million, and the investment

Need help solving this problem. Please provide formulas and steps.

8. Net Present ValueThe investment in Project A is $1 million, and the investment in Project B is $2 million. Both projects have a unique internal rate of return of 20 percent. Is the following statement true or false? For any discount rate from 0 percent to 20 percent, Project B has an NPV twice as great as that of Project A. Explain your answer.

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