An investment costs $144,000 and has projected cash inflows of $75,300, $82,100, and -$16,400 for Years 1-3, respectively. If the required rate of return is 12.2 percent, should you accept the investment based solely on the internal rate of return rule? Why or why not? tiple Choice O O Yes; The IRR exceeds the required rate of return. Yes; The IRR is less than the required rate of return. You should not apply the IRR in this case. No; The IRR exceeds the required return. No; The IRR is less than the required rate of return.

An investment costs $144,000 and has projected cash inflows of $75,300,$82,100, and $16,400 for Years 13, respectively. If the required rate of return is 12.2 percent, should you accept the investment based solely on the internal rate of return rule? Why or why not? Yes: The IRR exceeds the required rate of return. Yes: The IRR is less than the required rate of return. You should not apply the IRR in this case. No; The IRR exceeds the required return. No: The IRR is less than the required rate of return