Question: without using excel please 4. Problems with IRR [LO5] Light Sweet Petroleum, Inc., is trying to evaluate a generation project with the following cash flows:
4. Problems with IRR [LO5] Light Sweet Petroleum, Inc., is trying to evaluate a generation project with the following cash flows: Year O Cash Flow -$45,000,000 71,000,000 -15,000,000 1 2 a. If the company requires a 12 percent return on its investments, should it accept this project? Why? b. Compute the IRR for this project. How many IRRs are there? Using the IRR decision rule, should the company accept the project? What's going on here
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