Question: Honaker Co. is debating a project. It expects the project will have these cash flows. Year 0 1 Cash Flow -$81,400 21,350 24,700 30,500 25,850

Honaker Co. is debating a project. It expects the project will have these cash flows. Year 0 1 Cash Flow -$81,400 21,350 24,700 30,500 25,850 19,500 1:55:34 3 4 5 If the required return is 14 percent, should Honaker accept the project based on the IRR? Multiple Choice No, because the IRR is 15.19 percent. No, because the IRR is 16.46 percent. Yes, because the IRR I 16.46 percent

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