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A company is considering a 5-year project. The company plans to invest $90,000 now and forecasts cash flows for each year of $27,000. The company

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A company is considering a 5-year project. The company plans to invest $90,000 now and forecasts cash flows for each year of $27,000. The company requires that investments yield a hurdle rate of at least 14%. Calculate the internal rate of return (IRR) to determine whether the company should accept this project. Selected factors for the present value of an annuity of $1 for 5 years are shown below: Present Value Interest Rate of an Annuity of $1 for 5 Years 10%.. .3.7908 12%. .3.6048 14%....... .3.4331 Select one or more: a. The project should be accepted because it will earn more than 14%. b. The project should be accepted because it will earn more than 10%. c. The project will earn more than 12% but less than 14%. At a hurdle rate of 14%, the project should be rejected. od. The project should be rejected because it will earn exactly 14%. e. The project will earn more than 14%. At a hurdle rate of 14%, the project should be rejected

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