Question
An investment has the following cash flows. Should the project be accepted if the required rate of return is 9.5%? Year Cash Flow 0 -$24,000
An investment has the following cash flows. Should the project be accepted if the required rate of return is 9.5%?
| Year | Cash Flow |
| 0 | -$24,000 |
| 1 | $8,000 |
| 2 | $12,000 |
| 3 | $9,000 |
| a. | Yes; the required rate is greater than IRR | c. | No; the required rate is greater than IRR |
| b. | Yes; IRR is greater than the required rate | d. | No; the IRR is greater than required rate. |
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Successful Fundraising For Arts And Cultural Organizations
Authors: Carolyn S. Friedman, Karen B. Hopkins
2nd Edition
1573560294, 978-1573560290
