Use the following information to answer the question.

year cash flow

0 -158000

1 34,500

2 78,500

3 92,000

You are analyzing a proposed project and have compiled the following information:

Required payback period 2.5 years

Required Return 12%

Should the proposed project be accepted based on its internal rate of return? Why or why not?A)yes; IRR = 12.28 percentB)yes; IRR = 11.79 percentC)no; IRR = 12.28 percentD)no; IRR = 11.79 percent