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A firm evaluates all of its projects by applying the IRR rule. Suppose a project with the following cash flows has been identified: Year Cash

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A firm evaluates all of its projects by applying the IRR rule. Suppose a project with the following cash flows has been identified: Year Cash Flow 0-$25,150 1 $12,600 2 $14,250 $2,510 3 What is this project's IRR? (Round your answer to two decimal places and express in percentage form; i.e., x.xx%) Consider the project in the previous question for which you just computed the IRR. If the firm's required return is 8.4%, should the firm accept the project? [ Select ] If the firm's required return is 10.1%, should the firm accept the project? [ Select ]

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