Internal Rate of Return Is Preferable to Net Present Value

question 5

True/False

Internal rate of return is preferable to net present value because IRR employs a weighted average cost of capital discount rate that reflects potential reinvestment.

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Definitions:

Civil Rights Act

Legislation passed in the United States, notably in 1964, aimed at ending discrimination based on race, color, religion, sex, or national origin, and promoting equal opportunity.

U.S. Commission on Civil Rights

An independent, bipartisan agency established by the United States federal government in 1957 to investigate, report on, and address civil rights issues in the U.S.

Literacy Tests

Measures used historically in the United States to disenfranchise voters, particularly African Americans, by requiring them to pass reading and writing tests.

Separate but Equal

A legal doctrine in United States constitutional law that justified and permitted racial segregation as long as the separate facilities were supposedly of equal quality.