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You are evaluating a capital budgeting project that will cost $28,500 Year 1 ==> $12,000 Year 2 ==> $20,000 Year 3 ==> $9.000 The required

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You are evaluating a capital budgeting project that will cost $28,500 Year 1 ==> $12,000 Year 2 ==> $20,000 Year 3 ==> $9.000 The required return is 13% and the critical acceptance level is 1.9 years. Calculate the Internal Rate of Return and determine whether or not the project should be accepted based solely on the Internal Rate of Return. The IRR is 17 27% and we should reject the project None of the other answers is correct The IRR is 21.37% and we should accept the project The IRR is 21.37% and we should reject the project The IRR is 17.27% and we should accept the project

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