Tressor Company is considering a 5 -year project. The company plans to invest $90,000 now,...

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Tressor Company is considering a 5 -year project. The company plans to invest $90,000 now, and it forecasts cash flows for each year of $27,000. The company requires that investments yield a discount rate of at least 14%. Selected factors for a present value of an annuity of $1 for five years are shown below: Calculate the intemal rate of return to determine whether it should accept this project. Multiple Choice The project should be eccepted because it wil eam more than 14%. Mmple Croico The project should be accepted because ff wil eam more than 14x. The project should be eccepted because it will eam more than 10x. The project will earn more than 12% but less then 14%. At a hurdle rate of 14%, the project should be rejected. The project should be rejected because it will earn less than 14%. The project should be rejected because it will not earn exactly 14%

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