Question: 3. value: points 12.50 Problem 9-7 Calculating IRR [LO5j Afirm evaluates all of its projects by applying the IRR rule. A project under consideration has

 3. value: points 12.50 Problem 9-7 Calculating IRR [LO5j Afirm evaluates

3. value: points 12.50 Problem 9-7 Calculating IRR [LO5j Afirm evaluates all of its projects by applying the IRR rule. A project under consideration has the following cash flows: Year Cash Flow 27,100 11,100 14,100 10,100 If the required return is 15 percent, what is the IRR for this project? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) IRR Should the firm accept the project? O No O Yes

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