Consider a capital expenditure project to purchase and install new equipment with an initial cash outlay of $20,000 and at the end of the project, a one-time after-tax cash flow of $9,000 is expected. The firm has a weighted average whether this project should be accepted or rejected using IRR. Accept since IRR is 23.42 percent and is greater than 11 percent Reject since IRR is -23.42 percent and is less than 11 percent Accept since IRR is 17.88 percent and is greater than 0 percent Accept since IRR is 23.42 percent and is greater than 0 percent Rejea since IRR is -17 88 percent and is less than 0 percent - $20,000. The project is expected to generate net after-tax cash flows each year of $5,700 for six years, d average cost of capital of 11 percent and requires a 4-year payback on projects of this type. Determine