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Please show all intermediate steps and formulas used. Use excel to complete the problem. Schaueffle Machines, Inc., has a project with the following cash flows.
Please show all intermediate steps and formulas used. Use excel to complete the problem.
Schaueffle Machines, Inc., has a project with the following cash flows. The company evaluates all projects by applying the IRR rule. Year Cash Flow 0 27.100 1 11,100 2 14,100 3 10,100 a. What is the IRR for this project? (Do not round Intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b. If the appropriate Interest rate is 15 percent, should the company accept the project? a. IRR % b. Accept projectStep by Step Solution
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