finance
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feg10
Business Finance
Description
A firm evaluates all of its projects by applying the IRR rule. A project under consideration has the following cash flows: |
Year | Cash Flow | |
0 | –$ | 28,000 |
1 | 12,000 | |
2 | 15,000 | |
3 | 11,000 |
If the required return is 14 percent, what is the IRR for this project? (Round your answer to 2 decimal places. (e.g., 32.16)) |
IRR | % |
Should the firm accept the following project? | ||||
|
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