Question: Net present value is: a . equal to 1 . 0 when the discount rate and the IRR are equal. b . equal to zero

Net present value is:
a. equal to 1.0 when the discount rate and the IRR are equal.
b. equal to zero when the discount rate used is the IRR.
c. equal to the present value of an investment's benefits.
d. equal to the initial investment in a project.
e. simplified by the fact that future cash flows are easy to estimate.

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