Question: An analyst determined that an independent, financing - type project has an IRR of 1 8 . 7 percent. The firm's required rate of return

An analyst determined that an independent, financing-type project has an IRR of 18.7 percent. The firm's required rate of return is 15 percent. The analyst can reasonably conclude that
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Multiple Choice
the initial cash flow is negative.
the cash flows are conventional.
the NPV is positive.
the decision to accept or reject cannot be based on the IRR.
the project should be rejected.
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