Which combination of the following two statements (A) and (R) is...

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Which combination of the following two statements (A) and (R) is correct?
Assertion (A): The IRR of a project is the discount rate which reducesits NPV to zero.
Reason (R): A project is worth accepting if the IRR exceeds the cost of capital.

A. (A) is right, but (R) is wrong

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

C. (A) is wrong, but (R) is correct

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

Answer: Option B

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