Question1: Calculate the internal rate of return on an investment with the following cash flows?
|
Year
|
Cash Flow
|
|
0
|
($123,400)
|
|
1
|
$36,200
|
|
2
|
$54,800
|
|
3
|
$48,100
|
Question2: Determine the decision rule you should use to make your decision as to whether or not to invest in this project?