Which rate-based decision statistic measures the excess return (the amount above and beyond the cost of capital for a project), rather than the gross return?
A) Internal rate of return (IRR)
B) Modified internal rate of return (MIRR)
C) Profitability index (PI)
D) Net present value (NPV)

Question

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The Answer of Which rate-based decision statistic measures the excess return (the amount above and beyond the cost of capital for a project), rather than the gross return?
A) Internal rate of return (IRR)
B) Modified internal rate of return (MIRR)
C) Profitability index (PI)
D) Net present value (NPV)

Which Rate-Based Decision Statistic Measures the Excess Return (The Amount