29. A company with a required rate of return of 12 percent is considering a project with an RM40,000 initial investment. The net cash flows are expected to be RM15,000 per year over the four-year-life projects. Determine whether or not this project should be accepted based on internal rate of return techniques. a) IRR = 18.46 percent, accept the project IRR > required rate of return 12 percent b) IRR = 17.45 percent, reject the project IRR required rate of return 12 percent (4 marks)