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 10 percent, and that the maximum allowable payback and discounted payback statistics for the project are three and a half and four and a half years respectively. Use the IRR decision to evaluate this project; should it be accepted or rejected? IRR = 6.92 percent; accept the project IRR = 7123 percent; reject the project IRR = 8.81 percent; reject the project IRR = 0.59 percent; accept the project