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 $11$ percent, and that the maximum allowable

payback and discounted payback statistics for your company are $3\mathrm{.}0$ and $3\mathrm{.}5$ years, respectively.

Use the IRR decision rule to evaluate this project. $($Do not round intermediate calculations and

round your final answer to $2$ decimal places.$)$

IRR

$\%$

Should it be accepted or rejected?

accepted

rejected