The internal rate of return approach to selecting projects should not be used in all but which of the following situations?
A) The net present value is negative.
B) The projects are mutually exclusive.
C) There is a limit to the capital budget.
D) There are negative cash flows initially, followed in time by a series of positive cash flows, but with a negative cash flow in the final year of the project's useful life.
Correct Answer:
Verified
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