In an attempt to improve its economy, the Erewhonian government has declared that all cash flows created by a foreign company are "blocked" and must be reinvested with the government for one year. The reinvestment rate for these funds is 4%. If the Anderson uses a required return of 12% on this project, should you accept the project or not?

Principles of Accounting Volume 2
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Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 6EA: The management of Kawneer North America is considering investing in a new facility and the following...
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Anderson International Limited is evaluating a project in Erewhon. The project will create the
following cash flows:
Year
Cash Flow
-$1,275,000
435,000
505.000
415,000
345,000
In an attempt to improve its economy, the Erewhonian government has declared that all cash
flows created by a foreign company are "blocked" and must be reinvested with the
government for one year. The reinvestment rate for these funds is 4%. If the Anderson uses a
required return of 12% on this project, should you accept the project or not?
O Yes, because the IRR 15.18% 12% as the required return
O No, because the IRR 10.29% 12% as the required return
O Yes, because the 12% required return > 10.29% of IRR
O Yes, because the IRR 13.18% 12% as the required return
Transcribed Image Text:3 2 Anderson International Limited is evaluating a project in Erewhon. The project will create the following cash flows: Year Cash Flow -$1,275,000 435,000 505.000 415,000 345,000 In an attempt to improve its economy, the Erewhonian government has declared that all cash flows created by a foreign company are "blocked" and must be reinvested with the government for one year. The reinvestment rate for these funds is 4%. If the Anderson uses a required return of 12% on this project, should you accept the project or not? O Yes, because the IRR 15.18% 12% as the required return O No, because the IRR 10.29% 12% as the required return O Yes, because the 12% required return > 10.29% of IRR O Yes, because the IRR 13.18% 12% as the required return
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