A project has an initial cost of $240,000 and cash flows of $78,000, $22,000, and $164,000 for
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A project has an initial cost of $240,000 and cash flows of $78,000, −$22,000, and $164,000 for Years 1 to 3, respectively. If the required rate of return for this investment is 17 percent, should you accept it based solely on the IRR rule? Why or why not?
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