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Evaluate all of its projects by applying irr rule

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Reference no: EM132003139

Caclulation IRR.

A firm evaluates all of its projects by applying IRR rule. If the required return is 16 percent, should the firm accept the following project?

Year Cash Flow

0 -$28,000

1 12,000

2 15,000

3 11,000

Please explain the answer in full detail.

Reference no: EM132003139

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