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Project Selection using IRR method
If the company has minimum rate of return standard as 10%, which of following project would you recommend to the company?
A) Investment in year 0, $40,000, r
eturns: $10,000 in year 1; $
11,000 in year 2; $12,000 in year
3; and $13,000 in year 4 and 5
B) Investment in year 0, $42,000, r
eturns: $13,000 in year 1; $
12,000 in year 2; $11,000 in year
3; and $10,000 in year 4 and 5