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Chapter 7.2, Problem 1CC
Summary Introduction

To explain: The condition under which the IRR rule and the NPV rule matches for a stand-alone project.

Introduction:

Net present value (NPV) and internal rate of return (IRR) help to make capital-budget decisions. It would choose an alternative or an investment to increase the value of an enterprise.

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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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