Ziff Corp. is evaluating a proposed capital budgeting project that will require an initial investment of $1, 500,000. 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 warts to start using the Internal rate of return (1RR) method for capital budgeting decisions. The CFO says that the IRR is a better method, because percentages and returns are easier to understand and to compare to required returns. Ziff Corp.'s WACC is 7%. Which of the follow rig is the IRR of the project? 20.00% 5.80% 7.00% 8.44% 7.44% If this is an Independent project, the IRR method states that the firm should the project. If the project s WACC Increased, how would that affect the IRR? The IRR will not change. The IRR will increase. The IRR will decrease