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Check my work 3 Suppose your firm is considering investing in a project with the cash flows shown below, that the required rate of return
Check my work 3 Suppose your firm is considering investing in a project with the cash flows shown below, that the required rate of return on projects of this risk class is 7 percent, and that the maximum allowable payback and discounted payback statistics for the project are 3,5 and 4.5 years, respectively Buck Time: Cash flow: 1 -$7,100 $1,130 3 $1,530 4 $1,530 5 $1,330 6 $1,130 $2,330 Hint Use the IRR decision rule to evaluate this project. (Negative amount should be indicated by a minus sign. Round your answer to 2 decimal places.) Ask IRR Should it be accepted or rejected? rejected accepted
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