For the cash flow in question 6, suppose the firm uses the NPV decision rule. At a required return of 11 percent, should the firm accept this project? What if the required return was 30%?

5. A firm evaluates all of its projects by applying the IRR rule. If the required rate is 16 percent, should the firm accept the following projects? Year 0 1 2 3 Cash flow -RM34,000 16,000 18,000 15,000