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 $9$ percent, and that the maximum allowable payback and discounted payback statistics for the project are $2\mathrm{.}0$ and $3\mathrm{.}0$ years, respectively.

Time: $0123456$

Cash flow: $$$$6,200$ $$1,030$ $$2,230$ $$1,430$ $$1,430$ $$1,230$ $$1,030$

Use the IRR decision rule to evaluate this project. $($Negative amount should be indicated by a minus sign. Round your answer to $2$ decimal places.$)$

Should it be accepted or rejected?

multiple choice

accepted

rejected