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3. Mewah Sdn Bhd is thinking of investing in a project that will cost the firm RM200,000. The firms expects the project will yield the

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3. Mewah Sdn Bhd is thinking of investing in a project that will cost the firm RM200,000. The firms expects the project will yield the following set of cash flows. Year 1 2 3 After-tax cash flows (RM) 100,000 90,000 100,000 If the firm's required rate of return is 13 %, by using IRR technique should the firm invest in this project

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