Identify a characteristic of IRR. See the PV tables to help formulate your answer.
Present Value of $1 Received at the End of Periods
Note when viewing the present value table:
Factor: =
(1+r)"
Present Value of a $1 Annuity Received at the End of Each Period for n Periods
Note when viewing the present value table:
1-(1+r)"
Factor
Select a Choice Below
Every project can have only one IRR.
IRR is the rate required to get an NPV of zero for a series of cash flows.
IRR of a project can never be zero
IRR is used to evaluate short-term projects only
