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

Question:

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 Flow
0 .................−$157,300
1 .......................74,000
2 .......................87,000
3 .......................46,000

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