Question
A project has an NPV of $12,632 when its cost of capital is 12 percent, and an NPV of $6,935 when its cost of capital
A project has an NPV of $12,632 when its cost of capital is 12 percent, and an NPV of $6,935 when its cost of capital is 22 percent. What is its internal rate of return?
а. 18.5 percent
b. 6.5 percent
c. 28.5 percent
d. 16.5 percent
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Managerial Accounting
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
13th Edition
978-0073379616, 73379611, 978-0697789938
