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A company is considering investing in a project, the following are the details Initial Investment Tshs 45,000 000 Year Net Income (After tax) Tshs 1

A company is considering investing in a project, the following are the details Initial Investment Tshs 45,000 000 Year Net Income (After tax) Tshs 1 28,000,000 2 12000,000 3 10,000,000 4 10,000,000 5 10,000,000 Addition Information: The cash flow stated above is the net cash inflow after taxes, The cost of capital is 10% Calculate the IRR value of a project and suggest whether it should be undertaken.

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