consider a capital expenditure project to purchase and install new equipment with an initial cash outlay of $17000.$ The project is expected to generate net after tax cash flow each year of $2900$ for $9$ years, and at the end of the project, a one time after tax cash flow of $1600$ is expected. the firm has a weighted average cost of capital of $11\%$ and requires a $3$ year payback on projects of this type. determine whether this project should be accepted or rejected using IRR.