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12-4 Wayne company is considering a long-term Investment project called ZIP.ZIP will require an Investment of $134850. It will have a useful life of 4

12-4

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Wayne company is considering a long-term Investment project called ZIP.ZIP will require an Investment of $134850. It will have a useful life of 4 years and no salvage value. Annual cash inflows would increase by $86900, and annual cash outflows would increase by $40400. The company's required rate of return is 12%. Calculate the internal rate of return on this project.(Round answers 0 decimal places, e.g. 15%.) Determine whether this project should be accepted

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