No chatgpt. No AI. The internal rate of return (IRR) is:A) The rate at which a project breaks even.B) The rate that equates the present value of cash inflows with the initial investment.C) The rate of return required by investors.D) The same as the company's cost of capital.

Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter19: Capital Investment
Section: Chapter Questions
Problem 20E
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No chatgpt.

No AI.

The internal rate of return (IRR) is:
A) The rate at which a project breaks even.
B) The rate that equates the present value of cash inflows with the initial investment.
C) The rate of return required by investors.
D) The same as the company's cost of capital. 

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