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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.
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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
Helped a lot
hpascoe
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Yesterday
Just got PERFECT on my quiz
DAGINC
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2 hours ago
Brilliant ツ
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