Assume the following for a project under evaluation: ** The project's life is 4 years. ** The total time zero, initial cost of $50,000. ** The total net operating cash flow each year is $15,000. ** In addition to the terminal year operating cash flow, there is a non-operating, terminal year cash flow of $8,000. What is the project's IRR? Accept or reject the project? Again, assume the cost of capital for a project of this risk is 7%. 6%, reject 7%, indifferent whether to accept or reject 8.4%, accept 12.6% accept 13.3%