Suppose your firm is considering investing in a project with the cash flows shown as follows 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 45 years, respectively. Use the IRR decision to evaluate this project should it be accepted or rejected? Time 1 2 3 4 5 6 Cash Flow 000 $3,200 $1,400 $1,600 $1,600 $1,100 $2,000