Iglesias Corp. is considering investing in a new project, code-named Enrique, which has a 6-year life. Below are the expected cash flows from today through the six years (C0-C6). C0 C1 C2 C3 C4 C5 C6 -40,000 5,000 3,000 2,000 10,000 22,000 24,000 a. (4 points) Calculate the IRR of the Enrique project. b. (3 points) If the firm has a hurdle rate of 8 percent, explain whether the firm should go ahead with the Enrique project or not.