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A firm evaluates all of its projects by applying the IRR rule. The current proposed project has cash flows of $17,048, $6,850, $5,700, and $9,300
A firm evaluates all of its projects by applying the IRR rule. The current proposed project has cash flows of $17,048, $6,850, $5,700, and $9,300 for Years 0 to 3, respectively. The required return is 18 percent. What is the project IRR? Should the project be accepted or rejected?
A. 9.63%
B. 9.23%
C. 12.75%
D. 10.15%
E. 10.69%
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