Q4.15. A project has cash flows of -$1,000, -$2,000, +$3,000, and +$4,000 in consecutive years. Your cost
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Q4.15. A project has cash flows of -$1,000, -$2,000, +$3,000, and +$4,000 in consecutive years. Your cost of capital is 30% per annum. Use the IRR rule to determine whether you should take this project. Does the NPV rule recommend the same action?
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