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5. A project has a required return of 14.25 percent. The project's initial cost is $12,000 and its cash flows are: year 1=$4.000, year 2=$7,500,

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5. A project has a required return of 14.25 percent. The project's initial cost is $12,000 and its cash flows are: year 1=$4.000, year 2=$7,500, and year 3=$5,500. (a) What is the project's IRR? (b) State the accept/reject decision for the project

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