5. Calculating IRR A firm evaluates all of its projects by applying the If the required return is 11 percent, should the firm accept the following project? Year 0 Cash Flow --$157,300 74,000 87,000 46,000 1 2 3 LO4 6. Calculating NPV For the cash flows in the previous problem, suppose the firm uses the NPV decision rule. At a required return of 9 percent, should the firm accept this project? What if the required return was 21 percent