Required
(a) Prepare the case, with recommendations, to be presented to the Board of Directors of IFG. You should assess the viability of the proposed project using the NPV, IRR and payback methods.
(b) "The IRR rule is redundant as an investment criterion because the net present value (NPV) rule always dominates it." Discuss statement giving examples where possible. The word limit for answers to questions (a) and (b) is 2500 excluding tables and references.