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Striker Corporation is planning an oil exploration project, the initial costs of the project today will be $2,500,000 (2020). However, beginning next year. Striker expects

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Striker Corporation is planning an oil exploration project, the initial costs of the project today will be $2,500,000 (2020). However, beginning next year. Striker expects the following cash flow streams: 2021: $500,000 2022: 5675,000 2023. S680,000 2024: $1,000,000 2025: S11.200,000 A. What is the IRR on this investment? B. Should this project be undertaken given that the firm's WACC is 12 percent? IRR - 80%: No, reject the project. IRR - 35.24: No reject the project FRR-50.1156; No reject the project IRR - 50.11%. Yes take the project IRR = 45%: Yes take the project

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