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Spence Company is considering a project that has the following cash flow data. What is the project's IRR and should the project be accepted? The

Spence Company is considering a project that has the following cash flow data. What is the project's IRR and should the project be accepted? The firm's cost of capital is 25%. Year 0 1 2 3 4 Cash flows -$1,050 $350 $500 $400 $325

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