A proposed project has an initial cost of $38,000 and cash inflows of $12,300, $24,200, and .22 $16,100 for Years 1 through 3, respectively. The required rate of return is 16.8 percent. Based on ?IRR, should this project be accepted? Why or why not (1 (1 ) lyes: The IRR exceeds the required return No; The IRR exceeds the required return No, The IRR is less then the required return No: The IRR equals the required return Yes The IRR equals the required return