IRR Investment life, and cash inflows Oak Enterprises accepts projects earning more than the firm's 14% cost of capital Oak is currently considering a 10-year project that provides annual cash inflows of $15,000 and requires an initial investment of $95,400. (Note: Al amounts are after taxes.) a. Determine the IRR of this project. Is it acceptable? b. Assuming that the cash inflows continue to be 515,000 per year, how many additional years would the flows have to continue to make the project acceptable (that is, to make it have an IRR of 14%)? c. With the given life, an initial investment of 95,400, and cost of capital of 14%, what is the minimum annual cash inflow the investment would have to provide in order for this project to make sense for Oak's shareholders? a. The projects IRR is % (Round to two decimal places.) Enter your answer in the answer box and then click Check Answer 3 parts remaining Clear All Check