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Use the following information to answer the next two questions. Consider the after-tax cash flows below: Year o 1 2. 3 4 Cash Flow -$90,000

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Use the following information to answer the next two questions. Consider the after-tax cash flows below: Year o 1 2. 3 4 Cash Flow -$90,000 $14,000 -$7,750 $390,000 $307,000 The required rate of return is 7.4 percent. Find an internal rate of return (IRR) for these cash flows. Should you use the IRR you calculated in the previous question to decide whether the project is acceptable? Explain

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