finance

Dec 11th, 2013
Anonymous
Category:
Accounting
Price: $10 USD

Question description

A firm evaluates all of its projects by applying the IRR rule. A project under consideration has the following cash flows:
YearCash Flow
0–$28,000
112,000
215,000
311,000

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?

Reject
Accept

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