Comparing Investments Using Internal Rate Of Return And Net Present Value
	Investment 1	Investment 2
Life in years
Initial investment outlay
Annual net after-tax cash flows
IRR	22%	20%
	Best IRR
PV	379,079	614,457
NPV	92,679	195,257
		Best NPV
	Assumptions
Rate
Example from "Cost Accounting", page 724
by Charles T. Horngren and George Foster
Prentice-Hall 1991