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value 5.00 points Suppose your firm is considering investing in a project with the cash flows shown below, that the required rate of return on
value 5.00 points Suppose your firm is considering investing in a project with the cash flows shown below, that the required rate of return on projects of this risk class is 8 percent, and that the maximum allowable payback and discounted payback statistics for the project are 3 5 and 4 5 years, respectively Time Cash flow 2 -$7,700 $1,110 $2,310 $1,510 $1,510 $1.310 $1,110 Use the IRR decision rule to evaluate this project (Negative amount should be indicated by rininus sign. Round your answer to 2 decimal places.) IRR Should it be accepted or rejected? @ Accepted 0 Rejected
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