Question: 4 Problem 9-7 Calculating IRR (LO5] 10 points A firm evaluates all of its projects by applying the IRR rule. A project under consideration has

 4 Problem 9-7 Calculating IRR (LO5] 10 points A firm evaluates

4 Problem 9-7 Calculating IRR (LO5] 10 points A firm evaluates all of its projects by applying the IRR rule. A project under consideration has the following cash flows: eBook Year Cash Flow 0 $27.200 1 11,200 2 14,200 3 10,200 Print References If the required return is 16 percent, what is the IRR for this project? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g.. 32.16.) IRR Should the firm accept the project? Yes O No

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