ETHICS ✶Irene has a hospitality degree and has taken a few finance courses. Her friend, June, is putting together a proposal for a sports bar, to be reviewed by a banker. The NPV she calculates is negative. The IRR is also calculated to be less than June’s cost of capital.

Knowing that Irene understands finance and the factors that affect the NPV and IRR of an investment, June asks Irene to make things look better so the banker will give June the loan. Is there anything Irene can do to help June without being unethical in this situation?