The directors of Mylo Ltd are currently considering two mutually exclusive investment projects. Both projects are concerned
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The directors of Mylo Ltd are currently considering two mutually exclusive investment projects.
Both projects are concerned with the purchase of new plant. The following data are available for each project:
Required:
(a) Calculate for each project:
(i) the net present value (ii) the approximate internal rate of return (iii) the payback period.
(b) State which, if either, of the two investment projects the directors of Mylo Ltd should accept and why.
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