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A firm evaluates all of its projects by applying the IRR rule. Year 0 = $ - 2 8 , 0 0 0 , Year

A firm evaluates all of its projects by applying the IRR rule. Year 0= $-28,000, Year 1= $12,000, Year 2= $15,000, Year 3= $11,000. If the required return is 14 percent, should the firm accept the following project?
A.
16.24%
B.
24.25%
C.
17.18%
D.
12.22%

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