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You are considering an investment for which you require a 12 percent rate of return. The investment will cost $55,000 and produce cash inflows of

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You are considering an investment for which you require a 12 percent rate of return. The investment will cost $55,000 and produce cash inflows of $10,000 a year for 10 years. Should you accept this project based on its internal rate of return? Why or why not? no; because the IRR is 11.17 percent O yes; because the IRR is 11.17 percent no; because the IRR is 12.66 percent O yes; because the IRR is 12.66 percent

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