... factor (8%, 5 years), 3 .99 3 The result serves as a subjective guideline for estimation. If the intangible benefits are at least $35,000, then the NPV is acceptable. The process automation should ... another unless the investments are equal. As a result, the IRR is widely used for preference decisions. The higher the rate of Internal Rate of Return, the more desirable the initiative. The ... inflows. The IRR is the discount rate resulting in an NPV of zero. Financial Management Workbook Page 50 Detailed Objectives/Goals for Financial Management The document is...