You have been asked to evaluate a proposed project with the cash flows shown below. Assume that
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You have been asked to evaluate a proposed project with the cash flows shown below. Assume that the project's required return is 10%. Should this project be accepted or rejected? Explain your decision.
| Year 0 | $ - 60,000 |
| Year 1 | $ 155,000 |
| Year 2 | $-100,000 |
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