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An investment costs $135,000 and has projected cash flows of $75,300,$82,700, and -$19,400 for Years 1-3, respectively. If the required rate of return is 14.2

An investment costs $135,000 and has projected cash flows of $75,300,$82,700, and -$19,400 for Years 1-3, respectively. If the required rate of return is 14.2 percent, should you accept the investment based solely on the internal rate of return rule? Why or why not? Multiple Choice No; The IRR is less than the required rate of return. No: The IRR exceeds the required return. Yes; The IRR exceeds the required rate of return. Yes; The IRR is less than the required rate of return

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