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Teddy Bear Planet Inc. has a project with the following cash flows: The company evaluates all projects by applying the IRR rule. a . Calculate

Teddy Bear Planet Inc. has a project with the following cash flows:

The company evaluates all projects by applying the IRR rule.

.

Calculate the IRR.

(

Do not round intermediate calculations and round the answer to

2

decimal places.

)

IRR

%

.

If the appropriate interest rate is

9

percent, should the company accept the project?

Yes

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