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Viera Corporation is considering investing in a new facility. The estimated cost of the facility is $1, 913, 629. It will be used for 12
Viera Corporation is considering investing in a new facility. The estimated cost of the facility is $1, 913, 629. It will be used for 12 years, then sold for $712, 500. The facility will generate annual cash inflows of $391, 200 and will need new annual cash outflows of $159, 400. The company has a required rate of return of 7%. Calculate the internal rate of return on this project. (Round answer to 0 decimal place, e.g. 125.) Whether the project should be accepted
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