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Question 24 (6 points) A project has the following estimated values for the initial investment and annual operating cash flows. The firm has a required

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Question 24 (6 points) A project has the following estimated values for the initial investment and annual operating cash flows. The firm has a required return (cost of capital) of 13%. Calculate the IRR for this project and state whether it should be undertaken or accepted, or not. Year Cash Flow 0 - $195,800 1 61,000 2 66,000 3 84,000 4 92,000 Show/Describe what you do to calculate your solution

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