Multiple Corp, is evaluating a project with the following cash flows:

Year . Cash Flow

0 ($775,000)

1 $175,000

2 $150,000

3 $300,000

4 $175,000

5 $150,000

The company uses a weighted average cost of capital of 7.65%

Calculate the IRR for the project and Would you accept or reject the Project?

	a.	7.65% and Reject the Project.
	b.	7.24% and Accept the Project.
	c.	7.24% and Reject the Project.
	d.	7.65% and Accept the Project.