If a project's expected IRR is equal to the cost of capital, the project can be accepted.
The internal rate of return can be described as the rate of discount at which the amount invested in a project equals the after tax cash flows of a project. The internal rate of return is a capital budgeting method.
If the internal rate of return is greater than the cost of capital, the project is profitable and should be invested in.
If the internal rate of return is less than the cost of capital, the project is not profitable.
If the internal rate of return is equal to the cost of capital, the project is neither profitable or unprofitable. The project's net present value is zero. The project can be invested in.
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