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BB Lean has identified two mutually exclusive projects with the following cash flows. Year 0 1 2 3 4 5 Cash Flow Project A -52,000.00
BB Lean has identified two mutually exclusive projects with the following cash flows.
| Year | 0 | 1 | 2 | 3 | 4 | 5 |
| Cash Flow Project A | -52,000.00 | 20,000.00 | 17,000.00 | 14,000.00 | 12,000.00 | 7,000.00 |
| Cash Flow Project B | -52,000.00 | 6,000.00 | 17,000.00 | 16,000.00 | 17,000.00 | 22,000.00 |
The company requires a 12% rate of return from projects of this risk. What is the IRR of project B?
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Financial Management Of Financial Institutions
Authors: George H Hempel
1st Edition
0133159604, 9780133159608
