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

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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 payba statistics for the project are 2.0 and 3.0 years, respectively. Time: Cash flow: 0 -$6,200 1 $1,030 2 $2,230 3 $1,430 4 $1,430 5 $1,230 6 $1,030 Use the IRR decision rule to evaluate this project. (Negative amount should be indicated by a minus sign. Roun answer to 2 decimal places.) IRR % Should it be accepted or rejected? rejected O accepted

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