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A firm evaluates its projects using internal rate of return. The project initial investment is RM 690000 and estimates cash flow every year is RM

A firm evaluates its projects using internal rate of return. The project initial investment is RM 690000 and estimates cash flow every year is RM 250000 for 4 years. If required rate of return is 12 percent, should the firm accept the project? (Justify your answer)

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