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East Coast Oil is in the process of cleaning up a minor oil spill. The firm could do the work with one cleanup team o
East Coast Oil is in the process of cleaning up a minor oil spill. The firm could do the work with one cleanup team o two teams. One team would cost $23 per month for five months. The two-team alternative would cost $38 per month for three months. If two teams are used, the firm can restart refining sooner and collect $10 in earnings in Months 4 and 5 Should East Coast Oil use one or two teams to clean up the spill? Base your decision on the IRR. East Coast Oil is in the process of cleaning up a minor oil spill. The firm could do the work with one cleanup team o two teams. One team would cost $23 per month for five months. The two-team alternative would cost $38 per month for three months. If two teams are used, the firm can restart refining sooner and collect $10 in earnings in Months 4 and 5 Should East Coast Oil use one or two teams to clean up the spill? Base your decision on the IRR
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