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A firm evaluates all of its projects by applying the IRR rule. A project under...

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Finance

A firm evaluates all of its projects by applying the IRR rule. A project under consideration has the following cash flows:

Should the firm accept the project?

If the required return is 15 percent, what is the IRR for this project?
Year Cash Flow
0 $ 28,400
1 12,400
2 15,400
3 11,400

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