A firm evaluates all of its projects by applying the IRR rule. A project under consideration has
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Question:
A firm evaluates all of its projects by applying the IRR rule. A project under consideration has the following cash flows:
Year Cash Flow
0 = $ -27,200
1=11,200
2 =14,200
3 =10,200
If the required return is 16 percent, what is the IRR for this project? (Round your answer to 2 decimal places. (e.g., 32.16)) IRR %
2.)Should the firm accept the following project?
Related Book For
Fundamentals of Corporate Finance
ISBN: 978-0077861629
8th Edition
Authors: Stephen A. Ross, Randolph W. Westerfield, Bradford D.Jordan
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