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Please help me solve this by using a financial calculator and showing the steps and what to enter into the financial calculator Drinkable Water Systems
Please help me solve this by using a financial calculator and showing the steps and what to enter into the financial calculator
Drinkable Water Systems is analyzing a project with projected cash inflows of $137,400, $189,300, and -$25,000 for years 1 to 3, respectively. The project costs $236,000 and has been assigned a discount rate of 14 percent. Should this project be accepted based on the discounting approach to the modified internal rate of return? Why or why not?
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