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3 A firm evaluates all of its projects by applying the IRR rule. A project under consideration has the following cash flows: Year Cash Flow

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3 A firm evaluates all of its projects by applying the IRR rule. A project under consideration has the following cash flows: Year Cash Flow 0 327,900 1 11,900 2 14.900 3 10.900 If the required return is 18 percent, what is the IRR for this project? (Do not round Intermediate calculations and enter your answer as a percent rounded to 2 decimal places, eg., 32.16.) RR Should the firm accept the project? No Yes

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