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You are considering an investment for which you require a 10 percent rate of return. The investment will cost $52,000 and produce cash inflows of

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You are considering an investment for which you require a 10 percent rate of return. The investment will cost $52,000 and produce cash inflows of $10,000 a year for seven years. Should you accept this project based on its internal rate of return? Why or why not? 1) yes; because the IRR is 14.08 percent 2) yes: because the IRR is 11.81 percent 3) yes; because the IRR is 10.71 percent 4) no; because the IRR is equal to 10 percent 5) no; because the IRR is 8.04 percent

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