A firm evaluates all of its projects by applying the IRR rule. The IRR for the f

Question

A firm evaluates all of its projects by applying the IRR rule. The IRR for the following project is  percent. If the required return is 24 percent, the firm should (Click to select)rejectaccept the project.(Do not include the percent sign (%). Round your answer to 2 decimal places. (e.g., 32.16))

A firm evaluates all of its projects by applying the IRR rule. The IRR for the following project is  percent. If the required return is 24 percent, the firm should (Click to select)rejectaccept the project.(Do not include the percent sign (%). Round your answer to 2 decimal places. (e.g., 32.16))

Explanation / Answer

Calculating IRR

Let IRR be

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