Question

1. What is the best project using internal rate of return?

2. Does the ranking of the projects change from Case 2?

Year	Project 1	Project 2	Project 3	Project 4	Project 5	Project 6	Project 7	Project 8
0	-$2,000	-$2,000	-$2,000	-$2,000	-$2,000	-$2,000	-$2,000	-$2,000
1	$330	$1,666		$160	$280	$2,200	$1,200	-$350
2	330	334		200	280		900	-60
3	330	165		350	280		300	60
4	330			395	280		90	350
5	330			432	280		70	700
6	330			440	280			1,200
7	330			442	280			2,250
8	1,000			444	280
9				446	280
10				448	280
11				450	280
12				451	280
13				451	280
14				452	280
15			$10,000	-2,000	280
Internal Rate of Return Ranking
Payback
Present Value