Your company has a project available with the following cash flows:

Year	Cash Flow
0	$80,200
1	21,950
2	25,900
3	31,700
4	26,450
5	20,700

If the required return is 16 percent, should the project be accepted based on the IRR?

Yes, because the IRR is 18.90 percent.

No, because the IRR is 18.90 percent.

Yes, because the IRR is 18.17 percent.

Yes, because the IRR is 17.45 percent.

No, because the IRR is 17.45 percent.