Spence Company is considering a project that has the following cash flow data. What is the project's IRR and

should the project be accepted? The firm's cost of capital is $10\%.$

Year

Cash flows

$17\mathrm{.}34\%$ and accept the project

$19\mathrm{.}27\%$ and accept the project

$14\mathrm{.}05\%$ and reject the project

$18\mathrm{.}83\%$ and accept the project

$14\mathrm{.}05\%$ and accept the project

$18\mathrm{.}83\%$ and reject the project