Question: Problem 5-5 Calculating IRR Teddy Bear Planet, Inc., has a project with the following cash flows: Year Cash Flows ($) 0 -$ 8,253 1 6,100

Problem 5-5 Calculating IRR

Teddy Bear Planet, Inc., has a project with the following cash flows:

Year Cash Flows ($)
0 -$ 8,253
1 6,100
2 3,300
3 1,600

Requirement 1: Calculate the IRR. (Do not include the percent sign (%). Round your answer to 2 decimal places. (e.g., 32.16)) IRR %

Requirement 2: If the appropriate interest rate is 6.66 percent, should the company accept the project?

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