Question
The internal rate of return(IRR)is simply the return on a project viewed as an investment. Therefore any project whose IRR exceeds the cost of capital
The internal rate of return (IRR) is simply the return on a project viewed as an investment. Therefore any project whose IRR exceeds the cost of capital
a. should be undertaken if the company has the resources to do it
b. contributes to wealth because it earns more than the cost of the money used to do it
c. should not be undertaken because IRR isn't as good as NPV
d. a and b
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Principles of Finance
Authors: Scott Besley, Eugene F. Brigham
6th edition
9781305178045, 1285429648, 1305178041, 978-1285429649
