Question: The net present value (NPV) method implicitly assumes that the rate at which cash flows can be reinvested is the required rate of return, whereas
The net present value (NPV) method implicitly assumes that the rate at which cash flows can be reinvested is the required rate of return, whereas the internal rate of return (IRR) method implies that the firm has the opportunity to reinvest at the project's IRR.
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True
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