3) Which one of the following statements re correct? following statements related to the internal rate of return (IRR) is project with an IRR equal to the required return would reduce the value of a firm if accepted. B) Financing type projects should be accepted if the IRR exceeds the required return The average accounting return is a better method of analysis than the IRR from a financial point of view. D) The IRR is equal to the required return when the net present value is equal to zero. E) The IRR yields the same accept and reject decisions as the net present value method given mutually exclusive projects 4) A company purchased an asset for $3,150,000 that will be used in a 3-year project. The asset is in the 3-year MACRS class. The depreciation percentage each year is 33.33 percent 44 A5 percent, and 14.81 percent, respectively. What is the book value of the equipment at the end of the project? A) SO B) $2,100,105 C) $233,415 D) $2,916,585 E) $699,930 5) Mountain Frost is considering a new project with an initial cost of $275,000. The equipment will be depreciated on a straight-line basis to a zero book value over the four-year life of the project. The projected net income for each year is $21,400, $22,300, $24,600, and $18,300, respectively. What is the average accounting return? A) 7.87% B) 14.43% C) 15.75% D) 16.87% E) 11.81%