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

Year	Cash Flow
0	$80,800
1	21,650
2	25,300
3	31,100
4	26,150
5	20,100

If the required return is 15 percent, should the project be accepted based on the IRR?

No, because the IRR is 17.68 percent.

Yes, because the IRR is 17.00 percent.

Yes, because the IRR is 16.32 percent.

No, because the IRR is 16.32 percent.

Yes, because the IRR is 17.68 percent.