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A firm evaluates all of its projects by applying the IRR rule. year cashflow 0 -153,000 1 63,000 2 76,000 3 60,000 Requirement 1: What

A firm evaluates all of its projects by applying the IRR rule.

year cashflow
0 -153,000
1 63,000
2 76,000
3 60,000

Requirement 1:

What is the project's IRR?

Internal Rate Return_____%

Requirement 2:
If the required return is 13 percent, should the firm accept the project? yes or no?

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