Kiley Electronics is considering a project that has the following cash flow data. What is the project's IRR and should we accept the project? The firm's cost of capital is 10%.

Year 0 1 2 3

Cash flows -$1,100 $350 $470 $490

Question options:

13.31% and reject the project.

10.78% and accept the project.

8.76% and reject the project.

10.78% and reject the project.

13.31% and accept the project.

8.76% and accept the project.