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Company Z is looking at project D. D: - $3,500, $5,000, $5,000, $5,000, - $20,000 The cost of capital is 12% and the spreadsheet says

Company Z is looking at project D.

D: - $3,500, $5,000, $5,000, $5,000, - $20,000

The cost of capital is 12% and the spreadsheet says the IRR is 8.1% but the NPV at 12% is $838. Should they take the project, even though IRR is less than the cost of capital?

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