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Calculating IRR. A firm evaluates all of its projects by applying the IRR rule. If the required return is 11 percent, should the firm accept

Calculating IRR. A firm evaluates all of its projects by applying the IRR rule. If the required return is 11 percent, should the firm accept the following project?

Year: 0 Cash flow: -$168500

Year: 1 Cash Flow: $86,000

Year: 2 Cash Flow: $91,000

Year: 3 Cash Flow: $53,000

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