The Flour Baker is considering a project with the following cash flows. Should this project be accepted based on its internal rate of return if the required return is 18 percent? Year Cash Flow Year 0 $49,000 Year 1 9,500 Year 2 26,200 Year 3 38,700

Multiple Choice a Yes; because the project's rate of return is 7.78 percent b Yes; because the project's rate of return is 16.08 percent c Yes; because the project's rate of return is 19.47 percent d No; because the project's rate of return is 19.47 percent e No; because the project's rate of return is 16.08 percent