Ziff Corp. is evaluating a proposed capital budgeting project that will require an initial investment of s1,250,000. The project is expected to generate the following net cash flows: Ziff Corp. has been basing capital budgeting decisions on a project's NPV; however, its new CFO wants to start using the intemal rate of return (IRR) method for capital budgeting decisions. The CFO says that the IRR is a better method, because percentages and returns are easior to understand and to compore to required returns. Ziff corpis desired rate of return is 10%. Which of the following is the IRR of the project? 6,8044 Ziff Corp. has been basing capital budgeting decisions on a project's NPV; however; its new CFO wants to start using the internal rotin of rebum (IRR) mothod for capital budgeting decisions. The CFO says that the IRR is a better method, because percentages and returns are entier to understand and to compare to required returns. Ziff Corpis desired rate of return is 10%. Which of the following is the IRR of the project? If this is an independent project, the IRR method states that the firm should the project. If the project's desired rate of return Increased, how would that affect the IRR? The IR R wili increase. The IRR will decrease. The IRR will not change