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Ch7-7.) Calculating IRR Fast Machines, Inc., has a project with the following cash flows. YEAR CASH FLOWS ($) 0 $16,100 1 7,800 2 9,100 3
Ch7-7.) Calculating IRRFast Machines, Inc., has a project with the following cash flows.
| YEAR | CASH FLOWS ($) |
| 0 | $16,100 |
| 1 | 7,800 |
| 2 | 9,100 |
| 3 | 5,300 |
The company evaluates all projects by applying the IRR rule. If the appropriate interest rate is 9 percent, should the company accept the project?
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