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6 . 0 Professor Wendy Smith has been offered the following deal: A law firm would like to retain her for an upfront payment of
Professor Wendy Smith has been offered the following deal: A law firm would like to retain her for an upfront payment of $ In return, for the next year, the firm would have access to hours of her time every month. Smith's rate is $ per hour, and her opportunity cost of capital is equivalent annual rate, EAR What is the IRR annual What does the IRR rule advise regarding this opportunity? What is the NPV What does the NPV rule say about this opportunity?
The IRR annual is Round to two decimal places.
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