IRR function for this problem is 7. 7% and invest in the project
<h3>What is
IRR function?</h3>
The Excel IRR function returns the internal rate of return (IRR) for a sequence of cash flows that occur at regular intervals. Determine the internal rate of return. Return was calculated as a percentage. =IRR (values, [guess])
IRR is the interest rate at which the sum of all cash flows equals zero, thus it is useful for comparing one investment to another. In the preceding example, if we substitute 8% with 13.92%, the NPV becomes 0, and your IRR becomes zero. As a result, IRR is defined as the discount rate at which a project's NPV becomes zero.
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The key to creating novel ideas is originality. A human resources professional devises a novel method of candidate recruitment.
<h3>What does it mean to recruit candidates?</h3>
The practice of constantly pursuing out, locating, and employing individuals for a certain post or career is known as recruitment. The whole hiring process, from the first stages to the recruit's absorption into the business, is covered by the term of recruitment.
<h3>Why is finding candidates crucial?</h3>
Businesses must hire employees. Finding qualified people for open positions, adapting to change, lowering attrition, and boosting morale are all made easier for organizations. Businesses can guarantee they have the staff they require for success by investing in recruitment.
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Answer:
$201,805.67
Explanation:
The formula for calculating future value = A (B / r)
B = [(1 + r)^n] - 1
A = amount
R = interest rate = 8.5 / 2 = 4.25%
N = number of years = 12 x 2 = 24
(1.0425^24 - 1 ) / 0.0425 = 40.361134
40.361134 x $5,000 = $201,805.67
Answer: (E) Public relations
Explanation:
The public relation is one of the important function in the business and marketing as for generating the positive response and the awareness about the various type of products, business and the services.
It is basically refers to the practices for managing the communication between the public and the organization. The public relation is the process of building the specific platform for achieving the goals.
Therefore, Public relation is the correct option.
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