Multiple Choice
Sonny and James are both considering the same project with the cash flows shown below.Sonny is content earning 8 per cent on the project but James wants to earn at least 12 per cent.Who,if either,should accept this project?
A) Sonny,but not James
B) James,but not Sonny
C) Sonny,James can either accept or reject as his NPV is zero
D) neither Sonny nor James
E) both Sonny and James
Correct Answer:
Verified
Correct Answer:
Verified
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