Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.

Help with capital budgeting methods?

Project S has a cost of $10,000 and is expected to produce benefits (cash flows) of $3,000 per year for 5 years.

Project L costs $25,000 and it expected to produce cash flows of $7,400 per year for 5 years.

Calculate the two projects NPV’s, IRR’s, MIRR’s and PI’s, assuming a cost of capital of 12%. Which project would be selected, assuming they are mutually exclusive, using each ranking method? Which should actually be selected?

3 Answers

Relevance
  • Anonymous
    1 decade ago
    Favorite Answer

    Hi here are the results

    -------Project S---Project L

    NPV-----$814.33 ---$1,675.34

    IRR------15.24%------14.67%

    MIRR---13.77%------13.46%

    PI--------1.08 ------1.07

    PBP----3 yrs and 5 mo.---3 yrs and 5 mo.

    DPBP--4 yrs and 7 mo.-- 4 yrs and 8 mo.

    Even though the Projec L has a higher NPV doesn't mean we should accept L

    The IRR and MIRR for Project S is higher than that of Project L thus making Project S more attractive

    The Profitability Index for Project S is higher than that of Project L thus making project S more attractve

    The discounted payback period for Project S is smaller than that of Project L thus making Project S more attractive

    Source(s): I have removed my site content that I used to place as reference for these sort of questions as there was no ROI or return on investment having that site that catered to financiers yet made pennies in revenue
  • Anonymous
    1 decade ago

    Refer to Financial Management, IM Pandey

  • Anonymous
    5 years ago

    complex stuff. do a search at yahoo or google. that can help!

Still have questions? Get your answers by asking now.