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(5 points) A project requires an initial investment of $1,200,000 and yields annual cash flows of $239,091 for 10 years. a) Calculate the internal rate

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(5 points) A project requires an initial investment of $1,200,000 and yields annual cash flows of $239,091 for 10 years. a) Calculate the internal rate of return on the project. b) Should the project be accepted if the company requires a 14% rate of return on all investments? Why or why not

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