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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 | $ 28,300 |
1 | 12,300 |
2 | 15,300 |
3 | 11,300 |
If the required return is 14 percent, what is the IRR for this project? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) |
Should the firm accept the project? |
multiple choice
|
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