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pompa pompa
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7 years ago
On a purely theoretical basis, NPV is the better approach to capital budgeting than IRR because NPV implicitly assumes that any intermediate cash inflows generated by an investment are reinvested at the firm's cost of capital.
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Principles of Managerial Finance

Principles of Managerial Finance


Edition: 14th
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UlainUlain
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7 years ago
This calls for a celebration Person Raising Both Hands in Celebration
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I appreciate what you did here, answered it right Smiling Face with Open Mouth
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You make an excellent tutor!
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