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Shirley Shea has evaluated an investment proposal and found that its payback period is one year, it has a negative NPV, and it has a
Shirley Shea has evaluated an investment proposal and found that its payback period is one year, it has a negative NPV, and it has a positive IRR. Is this combination of results possible? a. Yes. b. No, because a project with a positive IRR has a positive NPV. c. No, because a project with such a rapid payback period has a positive NPV
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How Finance Works
Authors: Mihir Desai
1st Edition
1633696707, 978-1633696709
