Consider the following projects being considered by McKnight Proucts:

Projects:

Present Value of $1 Table:

Present Value of Ordinary Annuity of $1 table:

QUESTION (WHAT IS THE IRR FOR PROJECT A & B?):

i More Info 1 Project A: Costs $295,000 and offers eight annual net cash inflows of $57,000. McKnight Products requires an annual return of 14% on investments of this nature Project B: Costs $370,000 and offers 10 annual net cash inflows of $71,000 McKnight Products demands an annual return of 12% on investments of this nature Print Done