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4. A firm evaluates all of its projects by applying the IRR rule. The required return for the following project is 21 percent. The IRR

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4. A firm evaluates all of its projects by applying the IRR rule. The required return for the following project is 21 percent. The IRR is percent and the firm should the project. Year Cash Flow -$28,643 1 21,000 2. 16,000 3 4,000 w N O

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