Kiley Electronics is considering a project that has the following cash flow data. What is the project's IRR and should the project be accepted? The firm's cost of capital is 8%.

Year

0

1

2

3

Cash flows

-$1,100

$350

$470

$490

Question 14 options:

10.76% and accept the project

8.76% and accept the project

8.76% and reject the project

13.31% and reject the project

10.76% and reject the project

13.31% and accept the project