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The Steel Factory is considering a project that will produce annual cash flows of $43,800,$50,200, $46,200, and $51,800 over the next four years, respectively. If
The Steel Factory is considering a project that will produce annual cash flows of $43,800,$50,200, $46,200, and $51,800 over the next four years, respectively. If the initial cost of the project is $146,900, and the management requires a minimum 12.00% rate of return, should the firm accept this project based on its Internal Rate of Return (IRR)?
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