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| With regard to a capital investment project, which one of the following statements best describes the relationship between the cost of capital and the expected internal rate of return? A. The internal rate of return must exceed the cost of capital for the project to be acceptable. B. If the internal rate of return exceeds zero, the project will be profitable. C. The cost of capital must exceed the internal rate of return for the project to be acceptable. D. The internal rate of return should be compared to a pre-determined benchmark without regard to the cost of capital. |