You are considering an investment with the following cash flows. The required rate of return for this investment is 13%. Which one of the following statements is correct when using IRR for deciding on the project? Year Cash Flow 0 -$12,000 1 $5,500 2 $8,000 3 -$1,500 The project should not be accepted because the IRRYs less than the required return The project should not be accepted because the IRR is a negative rate of return. The project should be accepted because the IRR is a positive rate of return. You cannot apply the IRR rule in this case because there are would be multiple IRRs. The project should be accepted because the IRR exceeds the required return