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JVA corporation is considering investing in a new project with the estimated cash flows shown below. Compute the IRR for the project and recommend whether

JVA corporation is considering investing in a new project with the estimated cash flows shown below. Compute the IRR for the project and recommend whether the firm should accept or reject it. The required cost of capital is 12 percent.

Time 0 1 2 3
Cash Flow 100 20 48 58

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