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Marielle Machinery Works forecasts the following cash flows on a project under consideration. It uses...

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Marielle Machinery Works forecasts the following cash flows on a project under consideration. It uses the internal rate of return rule to accept or reject projects. o -$11,500 C 0 C2 +$9,000 C3 +$10,000 Calculate the IRR. (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) IRR Should this project be accepted if the required return is 15%? O Yes O No

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