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you are considering an investment in one of three projects, A, B or C (mutually

ID: 2643843 • Letter: Y

Question

you are considering an investment in one of three projects, A, B or C (mutually exclusive) with the following projected cash flows: year Assuming no capitol rationing a required rate of return (cost of capital) of 11%. 1) Calculate NPV for each project 2) Calculate IRR for each project 3) Calculate Pl for each project 4) Using cost of capital, as a financing and reinvestment rate, calculate MIRR for each project 5) calculate the exact crossover rate between project A & B. 6) Which project should be accepted and why?

Explanation / Answer

Statement showing cash flows Project A Project B Project C Particulars Time PVF Amount PV Amount PV Amount PV Cash Outlows                         -                  1.0000              (60,000.00)              (60,000.00)              (50,000.00)                   (50,000.00)     (20,000.00)                   (20,000.00) PV of Cash Outflows              (60,000.00)                   (50,000.00)                   (20,000.00) Cash Inflows                     1.00                     0.90                30,000.00                27,027.03                40,000.00                     36,036.04        35,000.00                     31,531.53 Cash Inflows                     2.00                     0.81                40,000.00                32,464.90                40,000.00                     32,464.90        30,000.00                     24,348.67 Cash Inflows                     3.00                     0.73                60,000.00                43,871.48                20,000.00                     14,623.83     (40,000.00)                   (29,247.66) PV of Cash Inflows                         -                103,363.41                     83,124.76                     26,632.55 NPV                43,363.41                     33,124.76                       6,632.55