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Pharoah Company is considering a long-term investment project called ZIP. ZIP will require an investment...

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Accounting

Pharoah Company is considering a long-term investment project called ZIP. ZIP will require an investment of $123,338. It will have a useful life of 4 years and no salvage value. Annual cash inflows would increase by $82,500, and annual cash outflows would increase by $41,250. The company's required rate of return is 12%. Click here to view the factor table.
Calculate the internal rate of return on this project. (Round answers to 0 decimal places, e.g.15%.)
Internal rate of return on this project is between % and %.
Determine whether this project should be accepted?
The project be accepted.
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