Question: Drinkable water Systems is analyzing a project with projected cash inflows of $12,400, $209,300, and -46,000 for Years 1 to 3, respectively. The project cost

Drinkable water Systems is analyzing a project with projected cash inflows of $12,400, $209,300, and -46,000 for Years 1 to 3, respectively. The project cost $251,000 and has been assigned a discounted rate of 12.5 percent. Should this project be accepted based on the discounting approach to the modified internal rate of return? Why or Why not

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