consider a capital expenditure project to purchase and install new equipment with an initial cash outlay of $20.000. The project is expected to genera year of 55,700 for six years, and at the end of the project, a one time after-tax cash flow of 59,000 is expected. The firm has a weighted average cost requires a 4-year payback on projects of this type. Determine 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 o percent Accept since IRR is 23.42 percent and is greater than 0 percent Reject since IRR is -17.88 percent and is less than 0 percent