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Fast Machines Inc. has a project with the following cash flows. The company evaluates all projects by applying the IRR rule. Year Cash Flow 0

Fast Machines Inc. has a project with the following cash flows. The company evaluates all projects by applying the IRR rule.

Year Cash Flow

0 - 28,200

1 12,200

2 15,200

3 11,200

What is the IRR for this project?

If the appropriate interest rate is 13 percent, should the company accept the project?

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