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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 3.5 and 4.5 years, respectively. Time: Cash flow: The low: $5.0 suzeo sza00 $1,600 su,Geo su.00 su, 0 $5,000 1 $1,200 2 $2,400 3 $1,600 4 $1,600 5 $1,400 $1,200 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.) IRRI% Should it be accepted or rejected? O rejected O accepted

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