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Marielle Machinery Works forecasts the following cash flows on a project under consideration. It uses the internal rate of return rule to accept or reject

Marielle Machinery Works forecasts the following cash flows on a project under consideration. It uses the internal rate of return rule to accept or reject projects.

C0: -$10,600

C1: 0

C2: +$8,100

C3: +9,100

a. What is the projects IRR?

b. Should this project be accepted if the required return is 14%?

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