All of the following statements regarding NPV are true EXCEPT: Select one: A positive NPV indicates the present value of the cash flows exceeds the...
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All of the following statements regarding NPV are true EXCEPT:

Select one:

a. A positive NPV indicates

the present value of the cash flows exceeds the initial investment.

b. A negative NPV indicates the present value of the cash flows is less than the initial

     investment.

c. An NPV equal to zero indicates the present value of the cash flows is equal to the initial

     investment.

d. The internal rate of return is the discount rate that causes the initial investment to exceed the

     present value of the cash flows.

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