26.

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
		$	10,900			0			+	$	8,400		+	$	9,400

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 13%?

multiple choice

Yes

No