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Project A involves an investment of $1M and project B involves an investment of $2M. Both projects have a unique internal rate of return of 20%.

1.             Project A involves an investment of $1M and project B involves an investment of $2M. Both projects have a unique internal rate of return of 20%. Is the following statement true or false? Explain. "For any discount rate between 0 and 20% project B has an NPV of twice project A."

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