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Use the IRR approach to select the best group of projects, if the required rate of return is 23.5%. and what would their NPV be?
Use the IRR approach to select the best group of projects, if the required rate of return is 23.5%. and what would their NPV be? (See Table be low)
| Project | IRR | Initial Investment | NPV |
| b | 25% | $9,000,000 | $320,000 |
| c | 24 | 1,000,000 | 60,000 |
| d | 23 | 7,000,000 | 350,000 |
| a | 21 | 3,000,000 | 50,000 |
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
Concise 6th Edition
324664559, 978-0324664553
