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An investment has the following cash flows. Should the project be accepted if it has been assigned a required return of 9.5 %? Why or

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An investment has the following cash flows. Should the project be accepted if it has been assigned a required return of 9.5 %? Why or why not? Year lo 1 Cash Flow -$24,000 $8,000 $12,000 $9,000 2 3 Multiple Choice Yes; because the IRR is less than the required return by about 3.9%. No; because the IRR exceeds the required return by about 3.9%. Yes; because the IRR exceeds the required return by about 0.39%. Yes; because the IRR is positive. No; because the IRR is 9.89 %

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