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

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Finance

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Suppose your firm is considering investing in a project with the cash flows shown below, that the required rate of return on projects of this risk class is 9 percent, and that the maximum allowable payback and discounted payback statistics for the project are 20 and 30 years, respectively, Times Cash flow 1 $1.06 2 $2,260 --$9.200 31,460 31,460 $1,260 $1,060 Use the IRR decision rule to evaluate this project. (Negative amount should be indicated by a minus sign. Round your answer to 2 decimal places.) IRR % Should it be accepted or rejected? rejected accepted

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