Question: Please show steps and explain!! Trying to understand!! Thank you! A firm evaluates all of its projects by applying the IRR rule. A project under

Please show steps and explain!! Trying to understand!! Thank you!

A firm evaluates all of its projects by applying the IRR rule. A project under consideration has the following cash flows: If the required return is 15 percent, what is the IRR for this project? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Should the firm accept the project? Yes No

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