Rachel is reviewing a project with an initial cost of $38,700 and cash inflows of $9,800,$16,400, and $21,700 for Years 1 to 3 , respectively. Should the project be accepted if it has been assigned a required return of 9.75 percent? Why or why not? Yes; because the IRR exceeds the required return by 0.34 percent No; because the IRR is only 9.69 percent Yes; because the IRR is less than the required return by 0.28 percent No; because the IRR exceeds the required return by 0.34 percent Yes; because the IRR exceeds the required return by 0.28 percent
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