Calculating IRR Teddy Bear Planet, Inc., has a project with the following cash fl ows: Year Cash
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Calculating IRR Teddy Bear Planet, Inc., has a project with the following cash fl ows:
Year Cash Flows ($)
0 $8,000 1 4,000 2 3,000 3 2,000 The company evaluates all projects by applying the IRR rule. If the appropriate interest rate is 8 percent, should the company accept the project? LO.1
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