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uppose your firm is considering investing in a project with the cash flows hown below, that the required rate of return on projects of this

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uppose your firm is considering investing in a project with the cash flows hown below, that the required rate of return on projects of this risk class is 13 ercent, and that the maximum allowable payback and discounted payback tatistics for your company are 2.5 and 3.0 years, respectively. Time: Cash flow: 0 -$347,000 1 $65, 100 2 $83,300 3 $140,300 4 $121,300 5 $80,50 Ise the IRR decision rule to evaluate this project. (Do not round intermediate alculations and round your final answer to 2 decimal places.) IRR % hould it be accepted or rejected? rejected accepted

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