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A project has cash flows of $118,400, $42,500, $87,300, and $43,200 for Years 0 to 3, respectively. The required rate of return is 11 percent.

A project has cash flows of $118,400, $42,500, $87,300, and $43,200 for Years 0 to 3, respectively. The required rate of return is 11 percent. Based on the internal rate of return of ________ percent for this project, you should ________ the project.

A) 17.91; accept

B) 8.03; reject

C) 6.67; reject

D) 7.91; reject

E) 21.39; accept

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