Crystal Industries is considering an expansion project with cash flows of -$237,500, $357,500 and -$92,700 for Years 0 through 2.

1) Should the firm proceed with the expansion based on the discounting approach to the modified internal rate of return if the discount rate is 13 percent?
2) Should the firm proceed with the expansion based on the reinvestment approach to the modified internal rate of return if the discount rate is 13 percent?
3) Should the firm proceed with the expansion based on the combination approach to the modified internal rate of return if the discount rate is 13 percent?

Arguments made against free trade include all of the following exceptdumping is an unfair trade practice that puts domestic producers of substitute goods at a disadvantage that they should be protected against.national defense considerations justify producing certain goods domestically whether the country has a comparative advantage in their production or not.free trade is inflationary and should be restricted in the domestic interest. if foreign governments subsidize their exports, foreign firms that export are given an unfair advantage that domestic producers should be protected against.infant industries should be protected from free trade so that they may have time to develop and compete on an even basis with older, more established foreign industries.