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7. x Calculating IRR (LO5] A firm evaluates all of its projects by applying the IRR rule. If the required return is 14 percent, should

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7. x Calculating IRR (LO5] A firm evaluates all of its projects by applying the IRR rule. If the required return is 14 percent, should the firm accept the following project? Year 0 1 Cash Flow -$41,000 20,000 23,000 14,000 2 3

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