Constant wacc and projects with normal cash flows

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Discuss the following statement: “If a firm has only independent projects, a constant WACC, and projects with normal cash flows, then the NPV and IRR methods will always lead to identical capital budgeting decisions.” What does this imply about the choice between IRR and NPV? If each of the assumptions above were changed (one by one), how would your answer change?

Reference no: EM13809152

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