WXY Enterprises is planning to invest in one of two projects The company's cost of capital is 11 and the tax rate is 25 Project details are Particulars Project Gamma Project Delta Cost of project 23,00,000 26,00,000 Expected life 6 years 6 years Annual Income (before Tax Depreciation) 8,00,000 9,25,000 Depreciation is charged on a straight line basis You are required to calculate a Internal Rate of Return (IRR) b NPV c Payback period

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WXY Enterprises is planning to invest in one of two projects. The company's cost of capital is 11% and the tax rate is 25%. Project

WXY Enterprises is planning to invest in one of two projects. The company's cost of capital is 11% and the tax rate is 25%. Project details are:

Particulars	Project Gamma	Project Delta
Cost of project	23,00,000	26,00,000
Expected life	6 years	6 years
Annual Income (before Tax & Depreciation)	8,00,000	9,25,000

Depreciation is charged on a straight-line basis. You are required to calculate: a. Internal Rate of Return (IRR) b. NPV c. Payback period

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