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In your text, a 2009 study by the Center for Immigration Studies concludes that while a multitude of past studies suggested that immigrant communities have lower crime rates than their native-born counterparts, the data conflicted their own findings, where they assert that incarceration statistics prove that a correlation exists between immigrants and crime, even if a majority of those individuals are incarcerated for immigration offenses and non-violent drug offenses. However, the Center for Immigration Studies is a think-tank known to advocate for harsher immigration policies, and have been designated as a "Hate Group" by the Southern Poverty Law Center. Evaluate their evidence regarding the connection between immigration and crime. What additional information would you like to know in order to make a fair judgment about whether immigration and crime is indeed correlated? What limitations can you detect in the CIS study's reasoning?
Multiple IRR Problem
A situation in capital budgeting where a project has more than one internal rate of return due to changing cash flow signs over the project's duration.
Normal Cash Flows
Regular inflows or outflows of cash associated with operational activities of a business within a specific period.
Modified Internal Rate of Return (MIRR)
A capital budgeting method that adjusts the internal rate of return calculation to better reflect the project's cost of capital and investment returns.
Real Internal Rate of Return
The adjusted rate of return that accounts for inflation, providing a more accurate measure of the actual purchasing power of future cash flows from an investment.
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