Question: 3 ABC Inc. is considering a project that has an initial outlay or cost of $230,000. The respective future cash inflows from its four-year project

3 ABC Inc. is considering a project that has an initial outlay or cost of $230,000. The respective future cash inflows from its four-year project for years 1 through 4 are: $60,000. $60.000, $70,000, and $80,000, respectively. The company uses the internal rate of return method to evaluate projects. Will the company accept the project if its hurdle rate is 8%
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