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For the given cash ows, suppose the rm uses the NPV decision rule and Internal Rate of Return (IRR). At a required return of 11

  1. For the given cash ows, suppose the rm uses the NPV decision rule and Internal Rate of Return (IRR). At a required return of 11 percent, should the rm accept this project by using NPV or IRR?

Year

Cash Flow

0

-34,000

1

16,000

2

18,000

3

15,000

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