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Pluto Planet, Inc., has a project with the following cash flows. The company evaluates all projects by applying the IRR rule. Year Cash Flow 0
Pluto Planet, Inc., has a project with the following cash flows. The company evaluates all projects by applying the IRR rule. Year Cash Flow 0 $ 27,000 1 11,000 2 14,000 3 10,000 What is the IRR for this project? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places (e.g., 32.16).) IRR % If the appropriate interest rate is 16 percent, should the company accept the project? No Yes
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