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Hilton Worldwide Holdings is considering investing in a project that requires an after-tax initial investment of $218 million and is expected to produce after-tax cash

Hilton Worldwide Holdings is considering investing in a project that requires an after-tax initial investment of $218 million and is expected to produce after-tax cash inflows of $55 million for first two years, $60 million for the next two years and $85 in the fifth year. The firm's cost of capital is 11.5%. Based on this information, the IRR of the project is percent and the firm should the project. A.-9.5, reject B.-12.7, reject C. 9.5 accept D. 12.7; accept

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