Assertion (A) The IRR of a project is the discount rate...

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Assertion (A): The IRR of a project is the discount rate which reduces its NPV to zero.
Reason (R): A project is worth accepting if the IRR exceeds the cost of capital.

A. (A) is true, but (R) is false

B. Both (A) and (R) are true

C. (A) is false, but (R) is true

D. Both (A) and (R) are false

Answer: Option B

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