An investment has the following cash flows and a required return of 13 percent. Based on IRR, should this project be accepted? Why or why not?

An investment has the following cash flows and a required return of 13 percent. Based on IRR, should this project be accepted? Why or why not? Year Cash Flow 0 $42,000 1 15,300 2 28,400 3 7,500 No; The IRR exceeds the required return by about 0.06 percent. No; The IRR is less than the required return by about 1.53 percent. Yes; The IRR exceeds the required return by about 0.06 percent. Yes; The IRR exceeds the required return by about 1.53 percent. Yes; The IRR is less than the required return by about 0.06 percent