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 0 $49,000 9,500 26,200 a 38,700 O No: because the project's rate of return is 19.47 percent O No because the project's rate of return is 16.08 percent O Yes; because the project's rate of return is 778 percent o Yes: because the project's rate of return is 16.08 percent O Yes because the project's rate of return is 19.47 percent