When we discounted the cash flows of the Billingsgate Battery Company machine project at 20 per cent,
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When we discounted the cash flows of the Billingsgate Battery Company machine project at 20 per cent, we found that the NPV was a positive figure of £24,190 (see p. 156). What does the NPV of the machine project tell us about the rate of return that the investment will yield for the business (that is, the project’s IRR)?
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