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

image text in transcribed Question 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? \begin{tabular}{|cr|} \hline Year & Cash Flow \\ \hline 0 & $41,000 \\ 1 & 20,000 \\ 2 & 23,000 \\ 3 & 14,000 \\ \hline \end{tabular} Input area: Required Return Year 0 Year 1 Year 2 Year 3 Output area: IRR Accept/Reject

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