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please show work You are considering an investment that costs $152,000 and has projected cash flows of $71,800, $86,900, and-$11,200 for years 1 to 3,
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You are considering an investment that costs $152,000 and has projected cash flows of $71,800, $86,900, and-$11,200 for years 1 to 3, respectively. If the required rate of return is 15.5 percent, should you accept the investment based solely on the internal rate of return rule? Why or why not? Multiple Choice Yes; The IRR is less than the required return. Yes; The IRR exceeds the required return. No; The IRR exceeds the required return. You cannot apply the IRR rule in this case No: The IRR is less than the required returnStep by Step Solution
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