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A firm evaluates all of its projects by applying the IRR rule. The cash flows for a project is shown below and the firm requires
A firm evaluates all of its projects by applying the IRR rule. The cash flows for a project is shown below and the firm requires 15% return on this type of project. First, compute the IRR of the project in box 1. (Do not include the percent sign (%). Round your answer to 2 decimal places. (e.g., 32.16)) Then, make the investment decision based on the IRR by inputing either "accept" or "reject" in box 2.
Year Cash Flow 0 $36,500 1 21,000 2 17,000 3 7,000
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