A proposed project has on initial cost of $38,000 and cash inflows of $12, 300, $24, 200. and $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? Yes; The IRR is less than the required return by .58 percent Yes; The IRR exceeds the required return by 58 percent Yes; The IRR exceeds the required return by about 1.03 percent No; The IRR exceeds the required return by .58 percent No; The IRR is less than the required return by 1.03 percent