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Wayne Company is considering a long-term investment project called ZIP. ZIP will require an investment of $112,860. It will have a useful life of 4

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Wayne Company is considering a long-term investment project called ZIP. ZIP will require an investment of $112,860. It will have a useful life of 4 years and no salvage value. Annual cash inflows would increase by $85,300, and annual cash outflows would increase by $47,300. The company's required rate of return is 12% Click here to view the factor table. Calculate the internal rate of return on this project. (Round answers to O decimal places, e.g. 15%.) Internal rate of return on this project is between 2.3 % and 2.4 Determine whether this project should be accepted? .......... The project should be accepted

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