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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

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? (please go into detail of the trial and error process to find the rate)

Year Cash Flow

0 -$28,000

1 12,000

2 15,000

3 11,000

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