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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

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.

C0 C1 C2 C3
$ 11,100 0 + $ 8,600 + $ 9,600

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 15%?
multiple choice

Yes

No

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