Bionictech Sdn Bhd is a pharmaceutical company operated in Malaysia is currently participate in developing the covid19 vaccine. The company anticipating an earning of RM17,500,000 every year for 5 years. The cost incurred for this project was RM42,000,000 and cost of capital was 15 percent. Briefly explain the decision of Bionictech involving in this project by calculating the internal rate of return.

Bionictech Sdn Bhd is a pharmaceutical company operated in Malaysia is currently participate in developing the covid19 vaccine. The company anticipating an earning of RM17,500,000 every year for 5 years. The cost incurred for this project was RM42,000,000 and cost of capital was 15 percent. Briefly explain the decision of Bionictech involving in this project by calculating the internal rate of return.

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter11: Capital Budgeting Decisions

Section: Chapter Questions

Problem 17EB: Caduceus Company is considering the purchase of a new piece of factory equipment that will cost...

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