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Webster company is evaluating a new project with the following cash flows: Initial investment Year 0 yr1 yr2 yr3 yr4 yr5 -100,000 25,000 35,000 40,000

Webster company is evaluating a new project with the following cash flows:

Initial investment

Year 0 yr1 yr2 yr3 yr4 yr5

-100,000 25,000 35,000 40,000 50,000 25,000

The cost of capital is 8%.Calculate the IRR. Should the project be accepted or rejected?

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