Belgravia Petroleum Inc. is trying to evaluate a project with the following cash flows: ( expected rate
of return 8.5%6 ) Year Cash Flow 0 -$ 655,000 1 $ 200,000 2 $ 300,000 3 -$ 50,000 4 $ 200,000 5 $
200,000 As a financial manager, do you suggest they evaluate the project using NPV, IRR, or both?
Why?