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explain manually without using excel. Teddy Bear Planet, Inc., has a project with the following...

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Finance

explain manually without using excel.

Teddy Bear Planet, Inc., has a project with the following cash flows.

Year Cash Flows ($)

  1. -8,000
  2. 4,000
  3. 3,000
  4. 2,000
  5. Compute the internal rate of return on the project.
  6. Suppose the appropriate discount rate is 8 percent. Should the project be accepted?

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