Capital Budgeting & Net Present Value Saved A firm evaluates all of its projects by applying the IRR rule. A project under consideration has the following cash flows: Year Cash Flow 0 $27.400 1 11,400 2 14,400 3 10.400 If the required return is 16 percent, what is the IRR for this project? Refer to the text (or YouTube below) for examples of how to solve for the IRR with a financial calculator or Excel. (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) TI BA ii Plus IRRF... IRR % Should the firm accept the project? Yes O No ... 19 W