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Please Show all steps Q2: The Basics of Capital Budgeting: IRR A firm evaluates all of its projects by applying the IRR rule. A project

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Q2: The Basics of Capital Budgeting: IRR A firm evaluates all of its projects by applying the IRR rule. A project under consideration has the following cash flows: If the required return is 16 percent, what is the IRR for this project? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Should the firm accept or reject this project? Y/N

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