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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 -$28,000 123 12,000 15,000 11,000 If the required return is 16% what is the IRR for this project? (Round the final answer to 2 decimal places.) IRR % Should the firm accept the following project? Accept Reject

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 -$28,000 123 12,000 15,000 11,000 If the required return is 16% what is the IRR for this project? (Round the final answer to 2 decimal places.) IRR % Should the firm accept the following project? Accept Reject

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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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 -$28,000 123 12,000 15,000 11,000 If the required return is 16% what is the IRR for this project? (Round the final answer to 2 decimal places.) IRR % Should the firm accept the following project? Accept Reject
Transcribed Image Text: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 -$28,000 123 12,000 15,000 11,000 If the required return is 16% what is the IRR for this project? (Round the final answer to 2 decimal places.) IRR % Should the firm accept the following project? Accept Reject
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