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Internal rate of return: Quick Sale Real Estate Company is planning to invest in a new development. The cost of the project will be $24

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Internal rate of return: Quick Sale Real Estate Company is planning to invest in a new development. The cost of the project will be $24 million and is expected to generate cash flows of $14 million $11.75 million, and $6.6 million over the next three years. The company's cost of capital is 15.5 percent. What is the internal rate of retum on this project and should this project be accepted? (Round to the nearest percent) 15.03%, reject 16.08%, accept 18.94%, accept 22.01%, accept

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