The Steel Factory is considering a project that will produce annual cash flows of $44,000...
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The Steel Factory is considering a project that will produce annual cash flows of $44,000 in the first year, $50,000 in the second year, $46,000 in the third year, and $52,000 in the fourth year. If the initial cost of the project is $149,000, and the management requires a minimum return of 12.00%, should the firm accept this project based on its Internal Rate of Return (IRR)? Yes, because the IRR is 10.73% No, because the IRR is 10.73% Yes, because the IRR is 13.00% No, because the IRR is 11.66% No, because the IRR is 12.63%
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