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 ...........................  -$26,000

1 ..............................  11,000

2 .............................   14,000

3 .............................  10,000

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Fundamentals of Corporate Finance

ISBN: 978-0077861704

11th edition

Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan

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