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Mr. HE is considering investing Rs. 350,000 in a Hardware business. The cash inflows during the first, second and third years are expected to be

Mr. HE is considering investing Rs. 350,000 in a Hardware business. The cash inflows during the first, second and third years are expected to be Rs. 125,000, Rs. 150,000 and Rs, 170,000 respectively. Cost of capital is 11%. Calculate the IRR for the proposed investment and justify your decision to accept/reject the proposed investment.

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