Corporate Finance
Corporate Finance
3rd Edition
ISBN: 9780132992473
Author: Jonathan Berk, Peter DeMarzo
Publisher: Prentice Hall
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Chapter 7, Problem 24P
Summary Introduction

To determine: The best project using the incremental IRR rule.

Introduction:

IRR helps to make capital-budget decisions. IRR relies on the cash inflows and outflows of the project, instead of the external data. The project should be accepted if the IRR of the project exceeds a hurdle rate.

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