past paper June 2009 Q5 required (a)

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April 17, 2013 at 2:19 pm #122710
wendyxu0730
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In past paper June 2009 Q5 required (a), when calculating IRR, the answer said that IRR cannot be calculated on proportions of projects and it must be calculated on the NPV of full projects.
Can somebody tell me why?
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