Describes the IRR decision criterion

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Reference no: EM13911008

Which of the statements below describes the IRR decision criterion?

The decision criterion is to reject a project if the IRR exceeds the desired or required return rate.

The decision criterion is to accept a project if the NPV is positive.

The decision criterion is to accept a project if the IRR falls below the desired or required return rate.

The decision criterion is to accept a project if the IRR exceeds the desired or required return rate.

Reference no: EM13911008

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