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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 | $ | 28,400 | |
| 1 | 12,400 | ||
| 2 | 15,400 | ||
| 3 | 11,400 | ||
| If the required return is 15 percent, what is the IRR for this project? |
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Urban Public Finance
Authors: D. Wildasin
1st Edition
0415851882, 978-0415851886
