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Managerial Accounting: The Corners...

7th Edition
Maryanne M. Mowen + 2 others
ISBN: 9781337115773
BuyFindarrow_forward

Managerial Accounting: The Corners...

7th Edition
Maryanne M. Mowen + 2 others
ISBN: 9781337115773
Textbook Problem
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The IRR is the true or actual rate of return being earned by the project. Do you agree or disagree? Discuss.

To determine

State whether IRR is the true or actual of return being earned by the project or not. Also explain the reason.

Explanation

Internal Rate of Return:

An interest rate at which the present value of an investment’s cash inflows is equal to the present value cost of the investment is known as internal rate of return. The value of NPV is zero in case of an internal rate of return...

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