119 Tools d) Drawings Use the information below to answer question 55 to 60. SCIS is evaluating two programmes. Both programmes will require an initial investment of GH1,300,000. 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) 1 (GH) 176,000 528,000 308,000 3 528,000 330,000 250,000 4 532,400 242,000 750,200 132,000 363,000 132,000 266,200 462,000 59. What is the IRR for th:, PHD Prograrnme? a) 19% b) 19.88 c) 20% d) 20.12% 60. What is the IRR for the short courses? a) 19.81 b) 19.2 c) 21% d) 20.51% K. Mireku K 10 la 8 R. 59. What is the IRR for th:, PHD Prograrnme? a) 19% b) 19.88 c) 20% d) 20.12% 60. What is the IRR for the short courses? a) 19.81 b) 19.2 c) 21% d) 20.51% K. Mireku K 10 la 8 R