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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

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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 35 and 4 5 years, respectively Cash flow --$5,000 $1.200 $2,400 $1,600 $1,600 5 $1,400 $1,200 Use the IRR decision rule to evaluate this project. (Do not round intermediate calculations and round your final answer to 2 decimal places) Should it be accepted or rejected? accepted

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