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2. A project has the following cash flows: Year n Net cash flow 0 1 2 3 - $3,000 $800 $900 X Assume this project's
2. A project has the following cash flows: Year n Net cash flow 0 1 2 3 - $3,000 $800 $900 X Assume this project's Internal Rate of Return (IRR) is calculated as 10%. (a) (7 pts) Find the value of X in Year 3. (b) (3 pts) Is this project acceptable if the company minimum attractive rate of return is 8%? Why or why not
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