The internal rate of return (IRR) is defined as the discount rate that equates the net present value with the initial investment associated with a project.

Name: The internal rate of return (IRR) is defined as the discount rate that equates the net present value with the initial investment associated with a project.
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The internal rate of return (IRR) is defined as the discount rate that makes the net present value (NPV) of all cash flows from a particular project equal to zero.

The Internal Rate of Return (IRR) Is Defined as the Discount