Question: When internal rate of return is used to evaluate a capital investment, the present value factor is computed as: net cash flows divided by initial

When internal rate of return is used to evaluate a capital investment, the present value factor is computed as:
net cash flows divided by initial investment,
the sum of the present values of the project's annual net cash flows.
initial investment divided by annual net cash flows.
the hurdle rate.
 When internal rate of return is used to evaluate a capital

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