Explain how they got 15.80 %. Calculating IRR: A firm evaluates all of its projects by applying the IRR rule. If the required return is 14 percent, should the firm accept the following project?

Year	Cash Flow
0 1 2 3	$34,000 15,000 17,000 13,000

Answer rating: 100% (QA)

To calculate the Internal Rate of Return IRR we need to find the discount rate at which the Net ... View the full answer