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: Year Cash Flow -$34,000 15,000 17,000 13,000 1 2 3 If the required return is 14 percent, what is the IRR for this project? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) RR
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