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Sunland Corporation is considering investing in a new facility. The estimated cost of the facility is $1,742,800. It will be used for 12 years, then

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Sunland Corporation is considering investing in a new facility. The estimated cost of the facility is $1,742,800. It will be used for 12 years, then sold for $717,000. The facility will generate annual cash inflows of $372,400 and will need new annual cash outflows of $150,200. The company has a required rate of return of 7%. Click here to view the factor table. Calculate the internal rate of return on this project. (Round answer to 0 decimal place, e.g. 13%.) Internal rate of return is % Whether the project should be accepted. The project be accepted

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