Which one of the following statements is correct when a project is operating at its...
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Finance
Which one of the following statements is correct when a project is operating at its financial break-even point?
| The accounting profit is negative. | ||
| The projects IRR exceeds the required rate of return. | ||
| The present value of the cash flows subsequent to the initial cash flow equals the amount of the initial investment. | ||
| The accounting profit is equal to zero. |
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