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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