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Smarts Electronics is considering a project that has the following cash flow data. What is the project's IRR? If the companys required rate of return

Smarts Electronics is considering a project that has the following cash flow data. What is the project's IRR? If the companys required rate of return is 8%, would the project be acceptable?

Year

0

1

2

3

Cash

Flow

$1,200

$450

$470

$490

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