Determine what is the irr for the project

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A firm evaluates all of its projects by applying the IRR rule. The firm's required rate of return for its projects is 14 percent. A proposed project is expected to have the following cash flows:

Year Cash Flow

0 $ (26,000)

1 $ 11,000

2 $ 14,000

3 $ 10,000

Question a) What is the IRR for this project?

Question b) Should the firm accept this project?

Reference no: EM132487758

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