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Steve uses the following cashflows to calculate an IRR of 5.63%. Year 0 Year 1 Year 2 Year 3 Year 4 Year 5 Year 6

Steve uses the following cashflows to calculate an IRR of 5.63%.

Year 0 Year 1 Year 2 Year 3 Year 4 Year 5 Year 6
$ -50,000 $ 50,000 $ 20,000 $ 30,000 $ 20,000 $ 20,000 $ -100,000

If the discount rate was 4% should Steve accept the project?

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