You are analyzing a project and have gathered the following data:

Year Cash Flow

0 - 175,000

1 47200

2 86300

3 46000

4 40700

Required payback period 2.5 years

Required AAR 7.50%

Required return 8,50%

Based on internal rate of return of _____ percent for this project, you should _____ the project:

a) 10.44:accept

b) 19.78: accept

c) 8.78: reject

d) 19.78: reject

e) 10.44: reject

(show step by step work ) i need fourmulas , so please don't use schdual or excel to solve it!