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Green Tree Industries uses the IRR rule to evaluate projects. A potential investment in fixed assets will require an initial investment of $147,000. Over the

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Green Tree Industries uses the IRR rule to evaluate projects. A potential investment in fixed assets will require an initial investment of $147,000. Over the next three years, it will deliver positive Cash Flows of $69,000, $70,000, and $54,000 a. What is the project's IRRT (Do not round Intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.... 12.34.) Internal mte of retur b. If the required return is 16%, should the firm accept the project? (Enter elther Yes or No) b. In the required retum la 16%, should the firm coopt the project? (Yes or No) c. What is the formula, from your formula sheet used to calculate the IRR? (Enter the number used to calculate a from the formula sheet) c. What is the formula, from your formula sheet uned to calculate the IRR

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