Question
Billabong Tech uses the internal rate of return (IRR) to select projects. Calculate the IRR for each of the following projects and recommend the best
Billabong Tech uses the internal rate of return (IRR) to select projects. Calculate the IRR for each of the following projects and recommend the best project based on this measure. Project T-Shirt requires an initial investment of $19,500 and generates cash inflows of $9,000 per year for 5 years. Project Board Shorts requires an initial investment of $32 comma 500 and produces cash inflows of $14,000 per year for 6 years.
The IRR of the project T-shirt is _____%?
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Introduction To Financial Management
Authors: Sudanshu Pandeya
1st Edition
1774695316, 978-1774695319
