For estimating NPV,the IRR is the appropriate discount rate to use for an average-risk project.

Name: For estimating NPV,the IRR is the appropriate discount rate to use for an average-risk project.
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The IRR (Internal Rate of Return) is not used as the discount rate for estimating NPV (Net Present Value); instead, the appropriate discount rate is the project's cost of capital or required rate of return, which reflects the project's risk level.

For Estimating NPV,the IRR Is the Appropriate Discount Rate to Use