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A firm evaluates all of its projects by applying the IRR rule. If the required return is 18 percent, should the firm accept the following

A firm evaluates all of its projects by applying the IRR rule. If the required return is 18 percent, should the firm accept the following project?

Year Cash flow

0 -$28,000

1 12,700

2 15,890

3 8,230

4 12,690

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