Question: 5. Simms Corp. is considering a project that has the following cash flow data. What is the project's IRR? Note that a project's projected IRR
5. Simms Corp. is considering a project that has the following cash flow data. What is the project's IRR? Note that a project's projected IRR can be less than the WACC or negative, in both cases it will be rejected. (4 points)
Year 0 1 2 3
Cash flows -$1,000 $425 $425 $425
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