How can the internal rate of return help managers gauge the economic value added of investment decisions

Question:

How can the help managers gauge the economic value added of investment decisions when compared with cost of capital?

Internal Rate of Return
Internal Rate of Return of IRR is a capital budgeting tool that is used to assess the viability of an investment opportunity. IRR is the true rate of return that a project is capable of generating. It is a metric that tells you about the investment...