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A project has cash flows of -$151,000, $41,700, $78,750, and $57,650 for Years 0 to 3, respectively. The required return is 11.5 percent. Based on

A project has cash flows of -$151,000, $41,700, $78,750, and $57,650 for Years 0 to 3, respectively. The required return is 11.5 percent. Based on the internal rate of return of ______ percent for this project, you should _____ the project.

Multiple Choice

8.67; reject

8.31; reject

8.31; accept

8.67; accept

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