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Stone Sour, Inc., has a project with the following cash flows: Year Cash Flow 0 $ 28,700 1 12,700 2 15,700 3 11,700 The required

Stone Sour, Inc., has a project with the following cash flows:

Year Cash Flow
0 $ 28,700
1 12,700
2 15,700
3 11,700

The required return is 15 percent. What is the IRR for this project? SHOW HOW YOU GOT THE ANSWER! (Do not round intermediate calculations and round your answer to 2 decimal places. (e.g., 32.16))

IRR %

Should the firm accept the following project?

Accept
Reject

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