What is the main shortcoming of the irr approach

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Question: Again, as a consultant to Mr. Entrepreneur, you are asked to rank the proposals using the IRR (Internal Rate of Return) method. Which project should be selected under the IRR approach? What is the main shortcoming of the IRR approach? (Please identify all the variables you use in your calculation when you use a calculator. Round your final answer to two decimal points. Ignore all CCA effects on cash flow).

Reference no: EM133332181

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