points Question 16 Consider a capital expenditure project to purchase and install new equipment with an initial cash outlay of $17,000. The project is expected to generate net after cox cash froes and at the end of the project, a one time after-tax cash flow of $1,600 is expected. The firm has a weighted average cost of capital of 11 percent and requires a 3-year payback on pris whether this project should be accepted or rejected using R each year Reject since IRR is -9.56 percent and is less than 0 percent O Reject since IRR is 9.56 percent and is less than 11 percent O Accept since IRR is 10.54 percent and is greater than 0 percent O Accept since IRR is 9.56 percent and is greater than 0 percent O Reject since IRR is 10.54 percent and is less than 11 percent years sti