Suppose your firm is considering investing in a project with the cash flows shown as follows,...

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Suppose your firm is considering investing in a project with thecash flows shown as follows, that the required rate of return onprojects of this risk class is 8 percent, and that the maximumallowable payback and discounted payback statistic for the projectare three and three and a half years, respectively. . Use the IRRdecision rule to evaluate this project; should it be accepted orrejected and why? Trying to solve manually with a calculator andnot in excel.
Time 0 1 2 3 4 5
Cash Flow -100,000 30,000 45,000 55,000 30,000 10,000

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Suppose your firm is considering investing in a project with thecash flows shown as follows, that the required rate of return onprojects of this risk class is 8 percent, and that the maximumallowable payback and discounted payback statistic for the projectare three and three and a half years, respectively. . Use the IRRdecision rule to evaluate this project; should it be accepted orrejected and why? Trying to solve manually with a calculator andnot in excel.Time 0 1 2 3 4 5Cash Flow -100,000 30,000 45,000 55,000 30,000 10,000