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You are considering an investment with the following cash flows and your required rate of return (cost of capital) is 13%. What is the project's

You are considering an investment with the following cash flows and your required rate of return (cost of capital) is 13%. What is the project's IRR? According to IRR rule, should you take this investment?

Year

0

1

2

3

4

Cash Flow

-$48,597.59

$16,000

$16,000

$16,000

$16,000

a.12%, no

b.15%, yes

c.11%, no

d.14%, yes

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