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Redbird Company is considering a project with an initial investment of $270,000 in new equipment that will yield annual ni cash flows of $55,464 each

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Redbird Company is considering a project with an initial investment of $270,000 in new equipment that will yield annual ni cash flows of $55,464 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? B. Should Redbird accept the project based on IRR

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