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The IRR calculation of the Cloudy Corporation is evaluating an investment generating a result of 7.8 percent. The Cloudy Corporation has a minimum required rate of return of 8 percent on its projects. Given the result of its calculation, should the Cloudy Corporation pursue this investment? This cannot be determined from this information. An examination of the project's projected cash flows is necessary for a decision to be made. A calculation of the project's NPV will allow the company to make a decision. This project should not be pursued because it does not generate the minimum required rate of return