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Redbird Company is considering a project with an initial investment of $300,000 in new equipment that will yield annual net cash flows of $61,627 each

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Redbird Company is considering a project with an initial investment of $300,000 in new equipment that will yield annual net cash flows of $61,627 each year over its seven-year life. The company's minimum required rate of return is 12%. (Click here to see present value and future value tables) A. What is the internal rate of return? 96 B. Should Redbird accept the project based on IRR

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