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Chapter 7, Problem 28P
Summary Introduction

To determine: The condition under which the projects can be ranked.

Introduction:

IRR helps to make capital-budget decisions. IRR relies on the cash inflows and outflows of the project, instead of external data. The project should be accepted if the IRR of the project exceeds a hurdle rate.

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Chapter 7 Solutions

Corporate Finance Plus MyLab Finance with Pearson eText -- Access Card Package (4th Edition) (Berk, DeMarzo & Harford, The Corporate Finance Series)

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