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Q.3 A firm evaluates all of its projects by applying the IRR rule. If the required return is 14 percent, should the firm accept the

Q.3 A firm evaluates all of its projects by applying the IRR rule. If the required return is 14 percent, should the firm accept the following project?

Year Cash flow

0 -$28,000

1 12,000

2 15,000

3 11,000

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