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6. Problem: (3 parts) Green Tree Industries uses the IRR rule to evaluate projects. A potential investment in fixed assets will require an initial investment

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6. Problem: (3 parts) Green Tree Industries uses the IRR rule to evaluate projects. A potential investment in fixed assets will require an initial investment of $155,000. Over the next three years, it will deliver positive Cash Flows of $61,000, $78,000, and $62,000. a. What is the project's IRR? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 12.34.) Internal rate of return % b. If the required return is 13%, should the firm accept the project? (Enter either Yes or No) b. If the required return is 13%, should the firm accept the project? (Yes or No) c. What is the formula, from your formula sheet used to calculate the IRR? (Enter the number used to calculate a. from the formula sheet) c. What is the formula, from your formula sheet used to calculate the IRR

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