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A firm evaluates all of its projects by applying the IRR rule. Year Cash Flow 0 $ 153,000 1 63,000 2 76,000 3 60,000 Requirement

A firm evaluates all of its projects by applying the IRR rule. Year Cash Flow 0 $ 153,000 1 63,000 2 76,000 3 60,000 Requirement 1: Calculate the IRR. 13.00 % 17.07 % 14.48 % 13.74 % 30.07 % Requirement 2: If the required return is 13 percent, should the firm accept the project? Yes No

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