A project should be accepted if _____.
A. its traditional payback period is greater than the expected number of years to recover the original investment
B. its internal rate of return (IRR) exceeds the firm's required rate of return
C. it yields multiple internal rates of return
D. in addition to cash inflows, the project generates multiple cash outflows during its life
E. the sum of its raw (undiscounted) cash inflows is greater than the sum of the present value of its cash outflows.
Answer: B
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