You are faced with the following project.

Today a cash inflow of $$90000$ is received. Cash outflows of $$40000$ occur from years $1$ through $3.$

Do you accept the project if the required rate of return is $12\%?$

No because the IRR is greater than the required rate of return.

No because the IRR is less than the required rate of return.

Yes because the IRR is greater than the required rate of return.

Yes because the IRR is less than the required rate of return.