Question: Please make sure the answer is correct and explain how you got it, thanks! A firm evaluates all of its projects by applying the IRR

Please make sure the answer is correct and explain how you got it, thanks!

A firm evaluates all of its projects by applying the IRR rule. Q. What is the projeci's IRR? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 de b. If the required return is 16 percent, should the firm accept the project

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