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Kong Petroleum, Inc. is trying to evaluate a generator project with the following cash flows: 6. Year Cash Flow 28,000,000 53,000,000 8,000,000 If the company
Kong Petroleum, Inc. is trying to evaluate a generator project with the following cash flows: 6. Year Cash Flow 28,000,000 53,000,000 8,000,000 If the company requires a 10% return on its investments, should it accept this project? Why? Compute the IRR for this project. How many IRRs are there? If you apply the IRR decision rule, should you accept the project or not? What's going on here? a. b
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