Use the following information to answer the next four questions: Benny's is considering adding a new product to its lineup and have estimated the following: Benny's required return on projects like the proposed is 16%. Benny's average book value is $31,000. Should you accept the investment based on the internal rate of return (IRR) rule? Why or why not? 1) No: The IRR less than the the required return. 2) You cannot apply the IRR rule in this case. 3) Yes; The IRR exceeds the required return