Kerron Company is presented with the following two mutually exclusive projects. The required return for both projects is 15 percent. |
year Project M Project N
0 | –$138,000 | –$357,000 |
1 | 63,700 | 151,500 |
2 | 81,700 | 182,000 |
3 | 72,700 | 136,500 |
4 | 58,700 | 112,000 |
What is the IRR for each project?
Project M
Project N