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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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