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Delta Co. is considering project D. . D: -$2,000, $4,000, $6,000, -$10,000 Ds cost of capital is 8%, and the spread sheet says that its

Delta Co. is considering project D.

. D: -$2,000, $4,000, $6,000, -$10,000

Ds cost of capital is 8%, and the spread sheet says that its IRR is 15% but its NPV at 8% is -$306. Should Gamma take the project, because the IRR is greater than the cost of capital? Explain.

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