Professional Documents
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Capital
Budgeting
Techniques
Chapter Problem
Decision Criteria
If IRR > k, accept the project
If IRR < k, reject the project
If IRR = k, technically indifferent
Copyright 2009 Pearson Prentice Hall. All rights reserved. 9-17
Figure 9.3 Calculation of IRRs for Bennett
Companys Capital Expenditure Alternatives