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For each of the projects shown in the following table, calculate the internal ra

ID: 2632372 • Letter: F

Question

For each of the projects shown in the following table, calculate the internal rate of return (IRR). Then indicate, for each project, the maximum cost of capital that the firm could have and still find the IRR acceptable.

                                            Project A        Project B             Project C          Project D

Initial investment (CF0)   90,000              490,000              20,000               240,000

Year (t)                                                 Cash Inflows (CFt)

1                                       20,000            150,000               7,500                120,000

2                                       25,000            150,000               7,500                100,000

3                                       30,000            150,000               7,500              80,000

4                                       35,000            150,000               7,500              60,000    

5                                       40,000            ------------             7,500              ------------

Explanation / Answer

We can find the IRR of the series of cash flows using IRR function. Click on the function wizard,select IRR function, select the rane of cash flows and press enter. Below is the table showing IRR of each project.

Years

21.16%

So, the the maximum cost of capital that the firm could have and still find the IRR acceptable.

A: 18% B. 9% C 26% D 22%

Years

Project A Project B Project C Project D 0 -90000 -490000 -20000 -240000 1 20000 150000 7500 120000 2 25000 150000 7500 100000 3 30000 150000 7500 80000 4 35000 150000 7500 60000 5 40000 7500 IRR 17.43% 8.62% 25.41%

21.16%