Which of the following statements is FALSE?
A) The payback investment rule is based on the notion that an opportunity that pays back its initial investments quickly is a good idea.
B) An IRR will always exist for an investment opportunity.
C) An NPV will always exist for an investment opportunity.
D) In general,there can be as many IRRs as the number of times the project's cash flows change sign over time.
Correct Answer:
Verified
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