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2. Teddy Bear Planet, Inc., has a project with the following cash flows. Year Cash Flows ($) 0 -8,000 1 4,000 2 3,000 3 2,000

2. Teddy Bear Planet, Inc., has a project with the following cash flows. Year Cash Flows ($) 0 -8,000 1 4,000 2 3,000 3 2,000 a) Compute the internal rate of return on the project. b) Suppose the appropriate discount rate is 8 percent. Should the project be accepted

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