Using the annual rate of return method, a project is acceptable if its rate of return is greater than management's minimum rate of return.

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This statement is true. The annual rate of return method compares the project's rate of return to management's minimum rate of return to determine whether the project should be accepted or not. If the project's rate of return is higher than management's minimum rate of return, then it is deemed acceptable.

Using the Annual Rate of Return Method, a Project Is