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THE NORMAL COST THEORY OF PRICE AND THE INTERNAL RATE OF RETURN METHOD OF INVESTMENT APPRAISAL: AN INTEGRATION
Authors:PETER J. FRANKLIN
Affiliation:I should very much like to thank Professor Elizabeth Brunner for her comments on the very first draft of this paper;more generally to give my warm appreciation of her continued comment and help during and since my undergraduate days. Needless to say, however, she is absolved from all responsibility for the views and analysis expressed below, which, in a slightly different form were given to the APTE Conference at Easter 1976. The author is Senior Lecturer in Economics at the City of London Polytechnic.
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