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pompa pompa
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On a purely theoretical basis, NPV is preferred over IRR because NPV assumes a more conservative reinvestment rate and does not exhibit the mathematical problem of multiple IRRs that often occurs when IRRs are calculated for nonconventional cash flows.
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Principles of Managerial Finance

Principles of Managerial Finance


Edition: 14th
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UlainUlain
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Smart ... Thanks!
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