What is this project internal rate of return

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Question - Big Steve's, makers of swizzle sticks, is considering the purchase of a new plastic stamping machine. This investment requires an initial outlay of $110,000 and will generate net cash inflows of $16,000 per year for 11 years.

Required -

A) What is this project's internal rate of return?

B) If the project's required discount rate is 11%. Should the project be accepted? Why or why not?

Reference no: EM132923987

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