P10-18 (similar to) 3 Question Help o IRR, investment life, and cash inflows Oak Enterprises accepts projects earning more than the firm's 12% cost of capital. Oak is currently considering a 13-year project that provides annual cash inflows of $30,000 and requires an initial investment of $247,700. a. Determine the IRR of this project. Is it acceptable? b. Assuming that the cash inflows continue to be $30,000 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 12%)? c. With the given life, an initial investment of $247,700, and cost of capital of 12%, 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 project's IRR is%. (Round to two decimal places.)