imota wrote: »
Can somebody help me with this questions, please.
C) The internal rate of return (IRR) of the project is 12.5%. Explain the meaning of the IRR and why this can be useful in project evaluation.
A-Vic wrote: »
This is and please quote me if am wrong
IRR Is the amount of time it takes to recevie your money back from an investment e.g
you buy a peice of machinery for 1000 it makes 500 per year
So the investment return would be 2 years
Mikeyabosbht wrote: »
Hahaha! A-Vic that's Payback not IRR!