Essay
You are to present a proposed capital investment project to your board of directors. The project has
a NPV of $12,000 and an IRR of 12%. The firm's required return is 10%. You are to convey your
proposal to the board in a single paragraph. Write that paragraph here. Remember, your job is to
convince the board to either accept or reject the project, whichever you feel is appropriate given
this information.
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