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A firm evaluates all of its projects by applying the IRR rule. A project under consideration has the following cash flows: Year Cash Flow 0

A firm evaluates all of its projects by applying the IRR rule. A project under consideration has the following cash flows: Year Cash Flow 0 $ 28,800 1 12,800 2 15,800 3 11,800 If the required return is 13 percent, what is the IRR for this project

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