Question: The WetDock Inc is considering a project with an initial cost of $250,000 and cash inflows for Years 1 to 5 of $12,000, $65,000, $180,000

The WetDock Inc is considering a project with an initial cost of $250,000 and cash inflows for Years 1 to 5 of $12,000, $65,000, $180,000 , and $190,000 respectively. What is the IRR? Should the firm accept or reject the project if the required return is 15 percent?

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