Back to Assignment Attempts: Averaget /3 5. Internal rate of return (IRR) Walker Enterprises Co. Is evaluating proposed capital budgeting project that will require an initiat investment of $1,550,000. The project is expected to generate the following net cash flows: Year Net Cash Flow 1 $350,000 2 $475,000 3 $400,000 $475,000 Walker Enterprises Co. has been basing capital budgeting decisions on a projects NPV; however, its new cho wants to start using the internal rate of return (IRR) method for capital budgeting decisions. The coways that the IRR in a better method, because percentages and returns are easier to understand and to compare to required return Walker Enterprises covered rate of retum is 74 Which of the following in the 18 of the project? 4664 SON 2009 If this is an independent project, the IRR method states that the firm should the project at the project's desired rate of retum increased, how would that affect the TRR? The IRR will decrease The IRR will not change. The IRR will increase Grade it Now Save a Continue Continue without saving