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Solution

1. A positive net present value implies that the present value of future cash flows is positive. These cash flows can be defined in terms of inflows (i.e. money coming through the job) and outflows (i.e. money going out due to education loan).
Thus a positive net present value of that education loan implies that the internal rate of return must be greater than the interest cost of borrowing.

PS: According to Chegg rules, in the event of multiple questions, only the first one is attempted.

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