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 : -$1,150

1 : $450

2 : $470

3 : $490

Cash flows

Question 13 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