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Following Cash flows Year 0: 8000 Year 1: -4000 Year 2: -3000 Year 3: -2000 (a) Compute the internal rate of return on the project

Following Cash flows

Year 0: 8000

Year 1: -4000

Year 2: -3000

Year 3: -2000

(a) Compute the internal rate of return on the project

(b) Suppose the discount rate is 8 percent. Should the project be adopted?

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