It uses the internal rate of return rule to accept or


Marielle Machinery Works forecasts the following cash flows on a project under consideration. It uses the internal rate of return rule to accept or reject projects. C0 C1 C2 C3 − $ 10,300 0 + $ 7,800 + $ 8,800 Calculate the IRR. (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) IRR % Should this project be accepted if the required return is 15%? Yes No

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Financial Management: It uses the internal rate of return rule to accept or
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