FIN-450 Week 1 DQ 1 - Financial theory (and the narrative in your textbook) indicates that NPV...
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FIN-450 Week 1 DQ 1
Intermediate Finance - Basic Concepts in Finance
Grand Canyon University
Financial theory (and the narrative in your textbook) indicates that NPV is the theoretically correct method to use to evaluate capital investments. Yet, surveys of financial managers consistently indicate that IRR is the most widely used technique by practitioners. Why do you suppose this discrepancy exists?