Business, 06.05.2021 16:30 khoadominh2206
Pitt Company is considering two alternative investments. The company requires a 12% return from its investments. Neither option has a salvage value. Project X Project Y Initial investment $254,666 $182,939 Net cash flows anticipated: Year 1 81,000 35,000 Year 2 60,000 56,000 Year 3 91,000 73,000 Year 4 82,000 69,000 Year 5 77,000 28,000 A. Compute the IRR for both projects using the IRR spreadsheet function. Project X fill in the blank 1 % Project Y fill in the blank 2 % B. Which project should be recommended.
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