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A project has an initial cost of $6,000 and a four-year life. The projected cash flow from the project is $2,800, $2,200, $800, and $2,100

A project has an initial cost of $6,000 and a four-year life. The projected cash flow from the project is $2,800, $2,200, $800, and $2,100 a year for the next four years, respectively. The discount rate is 10%. Based on IRR rule, would you accept the project?

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