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A firm evaluates all of its projects by applying the IRR rule. The required return for the following project is 21 percent. The IRR is

A firm evaluates all of its projects by applying the IRR rule. The required return for the following project is 21 percent. The IRR is ______ percent and the firm should _____ the project.

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A. 26.30 %, reject

B. 26.30 %, accept

C. 24.26 %, reject

D. 16.05 %, reject

E. 16.05%, accept

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