Your company is considering a project that has a cost of $157,000. The project will generate cashflows if $77,000 in year one, 75,000 in year two, and 49,000 in year three. What is the IRR of this project and using a hurdle rate of 10% should it be accepted or rejected from a financial perspective?

14.54%, accept

12.46%, accept

12.46% reject

7.83%, reject