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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 $160,000. 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 $160,000. Over the next three years, it will deliver positive Cash Flows of $56,000, $83,000, and $67,000. a. What is the project's IRR? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 12.34.) Internal rate of return b. If the required return is 15%, should the firm accept the project? (Enter either Yes or No) b. If the required return is 15%, should the firm accept the project? (Yes or No)

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