You are considering an investment for which you require a rate of return of 8.5 percent. The investment costs $53,500 and will produce cash inflows of $20,000 for three years. Should you accept this project based on its internal rate of return? Why or why not?

• Yes; because the IRR is 5.96 percent

• Yes; because the IRR is 9.56 percent

• Yes; because the IRR is 8.50 percent

• No; because the IRR is 9.56 percent

• No'; because the IRR is 5.96 percent