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QUESTION 5

Simms Corp. is considering a project that has the following cash flow data. What is the project's IRR? If the firm's WACC is 12%, should the firm accept or reject the project?

Year	0	1	2	3
Cash flows	-$1,025	$125	$325	$850

QUESTION 2

The internal rate of return is that discount rate that equates the present value of the cash outflows (or costs) with the present value of the cash inflows.

True

False