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Pluto Planet, Inc., has a project with the following cash flows. The company evaluates all projects by applying the IRR rule. Year Cash Flow 0

Pluto Planet, Inc., has a project with the following cash flows. The company evaluates all projects by applying the IRR rule.

Year Cash Flow
0 $ 27,700
1 11,700
2 14,700
3 10,700

What is the IRR for this project?

If the appropriate interest rate is 18 percent, should the company accept the project?

No
Yes

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