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Question 23 (1 point) An investment has cash flows of: Year 0 = $35,000.00; Year 1 = $10,500.00; Year 2 = $17,500.00; and Year
Question 23 (1 point) An investment has cash flows of: Year 0 = $35,000.00; Year 1 = $10,500.00; Year 2 = $17,500.00; and Year 3 = $19,400.00. Should the project be accepted if it has been assigned a required return of 14%? Why or why not? a) Yes; because the IRR is 14.5 percent b) No; because the IRR is 13.7 percent c) No; because the IRR is 15.2 percent d) Yes; because the IRR is 13.7 percent e) Yes; because the IRR is 15.2 percent
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