Solved: Determine whether or not proposal should be accepted, Finance Basics

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Determine whether or not proposal should be accepted

Problem:

A company has estimated that a proposed $10,000 investment will generate $3,250 for each of the next four years. Their required rate of return is 9%. Using internal rate of return as a decision criterion, determine whether or not this proposal should be accepted.

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Finance Basics: Determine whether or not proposal should be accepted

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