You are analyzing a proposed project and have compiled the following information: WACC (Required Return): 8.00% Year Cash flows 0 -$200,000 1 $70,000 2 $80,000 3 $90,000 Required payback period: 2 years Required discounted payback period: 2.5 years What is the project's IRR? Would the company accept or reject the project based on the IRR criterion? 8.00%; reject 8.00%; accept 9.28%; reject 9.28%; accept