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Schaueffle Machines, INC., has a project with the following cash flows. Year Cash Flows 0 - $ 2 0 , 3 0 0 1 $

Schaueffle Machines, INC., has a project with the following cash flows.
Year Cash Flows
0-$20,300
1 $9,600
2 $13,700
3 $5,800
The company evaluates all projects by applying the IRR rule. If the appropriate interest rate is 9 percent, should the company accept the project?

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