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Question
Given the following list of patterns of expenditure timing, indicate the correct ordering of their resulting internal rates of return (IRRs) from lowest to highest.
I. Typical spending pattern.
II. Spending evenly over cycle.
III. Optimally timed asset purchases.
IV. Optimally timed capital spending.
a) I, II, III, IV.
b) II, I, IV, III.
c) II, I, III, IV.
d) I, II, IV, III.
Answer
This answer is hidden. It contains 14 characters.
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