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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 | $ | 28,000 | |
| 1 | 12,000 | ||
| 2 | 15,000 | ||
| 3 | 11,000 |
| If the required return is 14 percent, what is the IRR for this project? |
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Advanced Financial Accounting
Authors: Richard Lewis, David Pendrill
7th Edition
0273658492, 978-0273658498
