Business, 19.12.2019 05:31 khamyah

Palmer soaps is considering a project to expand their line of hand soaps for mechanics and hard laborers. the project has an initial investment of $187,000. annual cash flows are expected to be $52,000 for five years. based on the internal rate of return (irr) of the project, should the company accept the project if their required rate of return is 11%?

a : yes, because the irr is less than 11%.

b : yes, because the irr is greater than 11%.

c : no, because the irr is greater than 11%.

d : no, because the irr is less than 11%.

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