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A firm evaluates all of its projects by applying the IRR rule. A project under consideration has the following Cash Flow If the required return

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A firm evaluates all of its projects by applying the IRR rule. A project under consideration has the following Cash Flow If the required return is 18 percent, what is the IRR for this project? (Round your answer to 2 decimal places. (e.g., 32.16)) Should the firm accept the following project? It will cost $4,500 to acquire a small ice cream cart. Cart sales are expected to be $3,700 a year for five years. After the five years, the cart is expected to be worthless as that is the expected remaining life of the cooling system. What is the payback period of the ice cream cart

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