A firm evaluates all of its projects by applying the IRR rule. If the required return is

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A firm evaluates all of its projects by applying the IRR rule. If the required return is 14 percent, should the firm accept the following project?

Year Cash Flow

0......-$28,000

1...... 12,000

2...... 15,000

3...... 11,000

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Fundamentals of corporate finance

ISBN: 978-0078034633

10th edition

Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan

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