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Marielle Machinery Works forecasts the following cash flows on a project under consideration. It uses the internal rate of return rule to accept or reject

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Marielle Machinery Works forecasts the following cash flows on a project under consideration. It uses the internal rate of return rule to accept or reject projects. Co C1 C2 -$11,400 0 +$8,900 +$9,900 C3 Calculate the IRR. (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) IRR Should this project be accepted if the required return is 14%? O Yes O No

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