Your venture has signed a new consulting contract that will require you to invest in new analytical software and a new computer. The contract will generate the cash flows at specific times. You decision rule is to only accept projects that have an internal rate of return that exceeds 12%.

dates cash flows

12/10/2022 -$12,000.00

4/10/2026 $4,000.00

8/10/2029 $4,000.00

12/10/2030 $4,000.00

4/10/2031 $4,000.00

This project should be accepted

True

False