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Year 0 : $ - 4 1 , 0 0 0 , Year 1 : $ 2 0 , 0 0 0 , Year 2

Year 0: $-41,000, Year 1: $20,000, Year 2: $23,000, Year 3: $14,000. For the cash flows in the previous problem, suppose the firm uses the NPV decision rule. At a required return of 11 percent, should the firm accept this project? What if the required return is 24 percent?
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