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betterway betterway
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On a purely theoretical basis, IRR is the better approach to capital budgeting than NPV because IRR 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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donnabandonnaban
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betterway Author
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6 years ago
Thank you for providing the right answer every time
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