OD) two strong companies merging together to increase their economy of scale Question 24 (0.125 points) The company's required rate of return or weighted average cost of capital is 8%. After computing Payback Period, NPV, PI, and IRR, state whether you would accept or reject each project. Management's arbitrarily set payback period is 2.75 years. Project Homer details: Initial Outlay = $123,000; Cash Inflows = $30,000 per years for 5 years. Compute IRR for Project Homer. A) 5% B) 6% C) 7% D) 8%