A company has the option of investing in a project and calculates the net present values shown in Table 3.31 at four different discount rates.(a) Estimate the internal rate of return of the project.
(b) If the money could be invested elsewhere at 5.5% interest, explain whether you would advise the company to invest in this project.

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Table 3.31 Discount rate Net present values $5510 $630 3 4 -$3980 -$8330