Question: A proposed project has an initial cost of $ 7 4 , 2 0 0 and cash inflows of $ 2 3 , 9 0

A proposed project has an initial cost of $74,200 and cash inflows of $23,900,$34,700, and $40,200 for 70 rate of return is 15.2 percent. Based on IRR, should this project be accepted? Why or why not?
Multiple Choice
No; IRR equals the required return.
Yes; IRR exceeds the required return.
No; IRR exceeds the required return.
Yes; IRR equals the required return.
A proposed project has an initial cost of $ 7 4 ,

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