A proposed project has an initial cost of $$74,200$ and cash inflows of $$23,900,$$$34,700,$ and $$40,200$ for Years $1$ through $3,$ respectively. The required rate of return is $15\mathrm{.}2$ percent. Based on IRR, should this project be accepted? Why or why not?

No; The IRR exceeds the required return.

No; The IRR is less than the required return.

Yes; The IRR exceeds the required return.

Yes; The IRR equals the required return.

No; The IRR equals the required return.