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A firm evaluates all of its projects by applying the IRR rule. The firm's required rate of return for its projects is 1 5 percent.

A firm evaluates all of its projects by applying the IRR rule. The firm's required rate of return for its projects is 15 percent. A proposed project is expected to have the following cash flows:Year Cash Flow
0 $(250,000)
1 $85,000
2 $130,000
3 $110,000a) What is the IRR for this project? b) Should the firm accept this project?

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