We should recall that, when we discounted the cash flows of the Billingsgate Battery Company machine project
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We should recall that, when we discounted the cash flows of the Billingsgate Battery Company machine project at 20 per cent, we found that the NPV was a positive figure of £24,190 (see p. 330). What does the NPV of the machine project tell us about the rate of return that the investment will yield for the business (that is, the project’s IRR)?
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As the NPV is positive when discounting at 20 per cent it implies that ...View the full answer
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Related Book For 
Accounting An Introduction
ISBN: 9780273733201
5th Edition
Authors: Eddie McLaney, Dr Peter Atrill, Eddie J. Mclan
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