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A project has cash flows of $148,400, $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 $148,400, $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.) 7.91; reject
B.) 8.03; reject
C.) 6.67; reject
D.) 8.03; accept
E.) 7.91; accept
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