A project has cash flows of $35,000, $0, $10,000, and $42,000 for Years 0 to 3, respectively. The required rate of return is 15 percent. Based on the internal rate of return of _____ percent, you should _____ the project.

Multiple Choice

• 14.92; reject

• 18.46; reject

• 13.96; accept

• 15.21; accept

• 24.76; accept