10.NPV versus IRR. Piercy, LLC, has identified the following two mutually exclusive projects:
Year Cash Flow (A) Cash Flow (B) 0 -$77,500 -$77,500 1 43,000 21,500 EXAMINATION QUESTION BOOKLET DIN: RUW-SNT-T-035 RN: 04 ED: 18/02/2016 Page 4 of 2 2 29,000 28,000 3 23,000 34,000 4 21,000 41,000