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Calculating IRR. A firm evaluates all of its projects by applying the IRR rule

Calculating IRR. A firm evaluates all of its projects by applying the IRR rule. If the required return is 11

percent, should the firm accept the following project?

Year Cash Flow0−

    0         $153,0001     

     1           $ 78,0002      

     2           $ 67,0003      

     3            $49,000

 
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