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A firm evaluates all of its projects by applying the IRR rule. If the required return is 14 percent, should the firm accept the following
A firm evaluates all of its projects by applying the IRR rule. If the required return is 14 percent, should the firm accept the following project? | ||||
Input area: | ||||
Required Return | 14% | |||
Year 0 | ($41,000) | |||
Year 1 | $20,000 | |||
Year 2 | $23,000 | |||
Year 3 | $14,000 | |||
Output area: | |||
IRR | |||
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