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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 payback statistics for the project are 3.5 and 4.5 years, respectively. Time: Cash flow : 0 -$5,600 1 $1,180 2 $2,380 3 $1,580 4 $1,580 5 $1,380 6 $1,180 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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