The firm originally is 100% financed by equity (Unlevered firm). The EBIT for the firm is $20,000. The cost of capital for this unlevered firm is 10%. The tax rate is 40%. Systematic risk of the asset is 1.5 Now assuming that the firm issues $60,000 debt to buy back some shares, and the debts are traded at par value. Assuming that the cost of debt =8%. If the firm now has the following project: in year 0, the cashflow is 5000, in year 1, the cashflow is -5500. Based on the IRR rule, will this project be accepted?