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What is the IRR for both PHD and Short courses programmes?

What is the IRR for both PHD and Short courses programmes?

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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What is the IRR for both PHD and Short courses programmes? 

SCIS is evaluating two programmes. Both programmes will require an initial investment of GH 1,300,000. Funds available to SCIS can support only one of the two programmes. The expected cash flows of the two programmes are as follows: Period PHD SHORT COURSES (GH) (GHC) 1 176,000 528,000 2 308,000 528,000 3 330,000 250,000 4 532,400 242,000 750,200 132,000 6 363,000 132,000 266,200 462,000 9 The required rate of return/opportunity cost of capital of SCIS is 20 per cent. -5
Transcribed Image Text:SCIS is evaluating two programmes. Both programmes will require an initial investment of GH 1,300,000. Funds available to SCIS can support only one of the two programmes. The expected cash flows of the two programmes are as follows: Period PHD SHORT COURSES (GH) (GHC) 1 176,000 528,000 2 308,000 528,000 3 330,000 250,000 4 532,400 242,000 750,200 132,000 6 363,000 132,000 266,200 462,000 9 The required rate of return/opportunity cost of capital of SCIS is 20 per cent. -5
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