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pompa pompa
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7 years ago
On a purely theoretical basis, NPV is the better approach to capital budgeting than IRR because NPV implicitly assumes that any intermediate cash inflows generated by an investment are reinvested at the firm's cost of capital.
Textbook 
Principles of Managerial Finance

Principles of Managerial Finance


Edition: 14th
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UlainUlain
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7 years ago
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pompa Author
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7 years ago
Thanks for your help!!
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Smart ... Thanks!
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2 hours ago
This helped my grade so much Perfect
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