PLEASE EXPLAIN USING FINANCE CALCULATOR STEPS. Consider an investment with the following annual cash flows: CF0 = $152,000; CF1 = $98,200; CF2 = $102,300; CF3 = $4,900. If the required rate of return for this investment is 15.5 percent, should you accept the investment based solely on the internal rate of return? Why or why not?

(a) yes, IRR is greater than the required return.

(b) No, IRR is less than the required return.

(c) No, the IRR is greater than the required return.

(d) Cannot apply the IRR rule in this case.