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Acorn Corporation is considering a project with an initial cash outlay of $50,000 and expected after-tax inflows of $20,000,$40,000 and $6,000 over the three-year life

image text in transcribed Acorn Corporation is considering a project with an initial cash outlay of $50,000 and expected after-tax inflows of $20,000,$40,000 and $6,000 over the three-year life of the project, respectively. Is 13% the IRR of this project? A. No, the IRR is below than 13%. B. No, the IRR is above 13%. C. Yes, 13% is the IRR. D. There is insufficient information to determine the IRR

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