Which of the statements below describes the IRR decision criterion? A
Which of the statements below describes the IRR decision criterion?
A) The decision criterion is to accept a project if the IRR falls below the desired or required return rate.
B) The decision criterion is to reject a project if the IRR exceeds the desired or required return rate.
C) The decision criterion is to accept a project if the IRR exceeds the desired or required return rate.
D) The decision criterion is to accept a project if the NPV is positive.
ANSWER
Answer: C
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