estion 1 Consider a capital expenditure project to purchase and install new equipment with an initial cash outlay of 528,000. The project is expected to generate nateracash flows each year of 53.900 for en and at the end of the project, a one-time after tax cash flow of $2,600 is expected. The firm has a weighted average cost of capital of 7 percent and requires a 3 year payback on projects of this type. Determi whether this project should be accepted or rejected using IRR Accept since IRR is 653 percent and is greater than o percent Reject since IRR 653 percent and is less than 7 percent Accept since IRR IS 7.52 percent and is greater than 0 percent Accept since IRR IS 7.52 percent and is greater than 7 percent Reject since IRR IS 653 percent and is less than 0 percent