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please help show the step by step calculations needed for solving this problem! :)

A firm evaluates all of its projects by applying the IRR rule. A project under consideration has the following cash flows: Ye

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Answer #1

27,900 = 11,900/(1 + IRR) + 14,900/(1 + IRR)2 + 10,900/(1 + IRR)3

IRR = 16.91%

As IRR < Required Rate, so project should not be accepted.

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