Carol calculated the NPV of a proposed factory expansi million. She used a discount rate of 10%. The IRR of this project is:

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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Carol calculated the NPV of a proposed factory expansion to be $2.3
million. She used a discount rate of 10%.
The IRR of this project is:
Less than 10%
More than 10%
Can't tell from data given
The company should do the project
Transcribed Image Text:Carol calculated the NPV of a proposed factory expansion to be $2.3 million. She used a discount rate of 10%. The IRR of this project is: Less than 10% More than 10% Can't tell from data given The company should do the project
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