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3.2.2 Calculate the internal rate of return of Project AMG. (6 marks) 2 Jimny Limited has a choice of investing in one of two projects.

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3.2.2 Calculate the internal rate of return of Project AMG. (6 marks)

2 Jimny Limited has a choice of investing in one of two projects. The following details relate to these Project BWM Project AMG Investment required R70 000 R70 000 Expected Economic lifetime 4 years 4 years Minimum required return of return 12% 11% Net annual cash inflows 1st year R15 000,00 R23 000,00 2016 year R30 000,00 R23 000.00 30 year R28 000,00 R23 000,00 year R18 000,00 R23 000,00

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