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A study done by Dr. graham and Harvey found that a sizable minority of firms (25%) in their study do not use the NPY rule.
A study done by Dr. graham and Harvey found that a sizable minority of firms (25%) in their study do not use the NPY rule. In addition , about 50% of firms surveyed used the payback rule. Also, most firms used both the NVP and the IRR rules. Why do firms use rules other than NVP since they can lean to erroneous decisions ?
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Analysis For Financial Management
Authors: Robert C. Higgins
12th International Edition
1260091910, 9781260091915
