Rates of return are based on accounting income and book value of investment, whereas internal rates of
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Question:
Rates of return are based on accounting income and book value of investment, whereas internal rates of return are based on cash flows and take into account the time value of money.
Under what conditions will the two approaches give you similar estimate?
Expert Answer:
Bookkeeping paces of return considers bookkeeping pay which considers deterioration cos... View the full answer
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