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McKeekin Corp. has a project with the following cash flows: Year Cash Flow 0 $20,000 1 -$26,000 2 $13,000 a. What is the IRR of
McKeekin Corp. has a project with the following cash flows:
| Year | Cash Flow |
|---|---|
| 0 | $20,000 |
| 1 | -$26,000 |
| 2 | $13,000 |
a. What is the IRR of this project?
b. Explain what is happening here.
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Advanced Accounting
Authors: Joe Ben Hoyle, Thomas Schaefer, Timothy Doupni
13th edition
1259444953, 978-1259444951
