Question
A firm evaluates all of its projects by applying the IRR rule. Year Cash Flow 0 $ 163,000 1 53,000 2 86,000 3 70,000 What
A firm evaluates all of its projects by applying the IRR rule.
| Year | Cash Flow |
|---|---|
| 0 | $ 163,000 |
| 1 | 53,000 |
| 2 | 86,000 |
| 3 | 70,000 |
What is the project's IRR?
Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.
If the required return is 12 percent, should the firm accept the project?
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Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert Hughes, Melissa Hart
14th Edition
1264101597, 9781264101597
