Suppose your firm is considering investing in a project with the cash flows shown below, that the required rate of return on projects of this risk class is 8 percent, and that the maximum allowable payback and discounted payback statistics for the project are 3.5 and 4.5 years, respectively. Time: Cash flow: Use the IRR decision rule to evaluate this project. Note: Do not round intermediate calculations and round your final answer to 2 decimal places. IRR 0 1 2 3 4 5 6 -$ 5,000 $ 1,200 $ 2,400 $ 1,600 $ 1,600 $ 1,400 $ 1,200 (Click to select) % Should it be accepted or rejected? Saved