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 $15\%.$

Year

$0$

$1$

$2$

$3$

Cash flows

$-$$$1,100$

$$450$

$$470$

$$490$

Question $13$ options:

$10\mathrm{.}76\%$ and accept the project

$8\mathrm{.}76\%$ and accept the project

$8\mathrm{.}76\%$ and reject the project

$13\mathrm{.}31\%$ and reject the project

$10\mathrm{.}76\%$ and reject the project

$13\mathrm{.}31\%$ and accept the project