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You are considering an investment with the following annual cash flows: CFO-$152,000; CF1- $98,200; CF2- $102,300; CF3--$4,900. If the required rate of re- turn for

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You are considering an investment with the following annual cash flows: CFO-$152,000; CF1- $98,200; CF2- $102,300; CF3--$4,900. If the required rate of re- turn for this investment is 15.5 percent, should you accept the investment based solely on the internal rate of return?Why or why not? Choose one of the following answers Yes; The IRR exceeds the required return. No; The IRR is less than the required return. No; the IRR exceeds the required return You cannot apply the IRR rule in this case

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