Internal rate of


1. Describe, IN YOUR OWN WORDS (iyow), in one sentence each of the following;
NPV
Payback Period
Internal Rate of return
2. What one thing are the three things above used for?
3. What is capital budgeting? (iyow)
4.What is a relevant cash flow? (iyow)
5. What is a sunk cost? (iyow) 

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Finance Basics: Internal rate of
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