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Please show steps on what you did thanks :) 15. A firm is considering a project that will cost $1,200,000. This project will yield annual

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15. A firm is considering a project that will cost $1,200,000. This project will yield annual cash flows of $300,000 for the next 6 years. What is the project's IRR? If the firm's required rate is 12%, should they do this project? (8 points)

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