Braun Industries is considering an investment project that has the following cash flows:

Year Project Cash Flows

0 -$978

1 $338

2 $453

3 $483

The companys WACC is 14 percent. What is the projects payback, internal rate of return (IRR), and net present value (NPV)? Should this project be accepted?

2.39 years; 13.60%; -$6.93; No

2.39 years; 13.60%; -$6.93; Yes

2.19 years; 14.60%; -$16.93; No

2.19 years; 14.60%; -$16.93; Yes

2.19 years; 16.60%; -$16.93; No