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IRR and Project Recommendations

New Age Inc. has the following investments opportunities. New Age has a cost of capital of 13%. This year's budget allows for $50,000 for investments. Which project(s) should they pursue? What would be the average IRR on your recommendations?

Cost Rate of Return (IRR)
Project A 30,000 13%
Project B 50,000 15%
Project C 20,000 11%
Project D 20,000 18%

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Since project C has a return of <13% (cost of capital), it is out

Now 50,000 ...

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