Question text

You just joined a firm after graduating from PSU. The firm management has a strong favor for the IRR rule, except in specific cases or for specific reasons. You have been assigned to evaluate the following project (cash flows are shown below) at the required rate of return of 17.35 percent. What would be your recommendation? Show and explain.

Year	0	1	2	3	4
CF ($)	-374,358	133,499	-34,449	244,710	270,123