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An investment project has only the following cash flows: initial cash outflow is $2,000,000; cashflow from year 1 through year 8 is $400,000 each (i.c.

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An investment project has only the following cash flows: initial cash outflow is $2,000,000; cashflow from year 1 through year 8 is $400,000 each (i.c. cash inflow in year 1 400,000, cash inflow in year 2 is 400,000, etc). Using IRR, should the project be accepted if the required rate of return is 12%? What if the required rate of return is 10%? No; No O No; Yes Yes; Yes Yes; No

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