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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. C1 -$11,000 C2 +$8,500 C3 +$9,500 a. What is the project's IRR? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) IRR % b. Should this project be accepted if the required return is 14%? O Yes

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