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Tesla, Inc is planning to invest in new development. The cost of the project will be $24 million and is expected to generate cash flows
Tesla, Inc is planning to invest in new development. The cost of the project will be $24 million and is expected to generate cash flows of $14 million, $11.75 million, $8 million, and $6.6 million over the next four years. The compnay's cost of capital is 28%. What is the internal rate of return on this project and should this project be accepted? Round to nearest percent
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