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An investment has the following cash flows and a required return of 13 percent. Based on IRR, should this project be accepted? Why or why
An investment has the following cash flows and a required return of 13 percent. Based on IRR, should this project be accepted? Why or why not? Year Cash Flow 0 -$42,000 1 $16,500 2 $28,400 3 $7,500 A. No; The IRR exceeds the required return by about 0.06 percent. B. No; The IRR is less than the required return by about 0.94 percent. C. Yes; The IRR exceeds the required return by about 0.06 percent. D. Yes; The IRR exceeds the required return by about 0.94 percent. E. Yes; The IRR is less than the required return by about 0.06 percent
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