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Question 12.PMCQ.6: (LO 2) A positive net present value means that the: a. proje...

(LO 2) A positive net present value means that the:
a. project’s rate of return is less than the cutoff rate.
b. project’s rate of return exceeds the required rate of return.
c. project’s rate of return equals the required rate of return.
d. project is unacceptable.

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