Essay
Table 10.5
Galaxy Satellite Co. is attempting to select the best group of independent projects competing for the firm's fixed capital budget of $10,000,000. Any unused portion of this budget will earn less than its 20 percent cost of capital. A summary of key data about the proposed projects follows.
-Use the IRR approach to select the best group of projects. (See Table 10.5)
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IRR Approach
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