Question: Problem 9 - 7 Calculating IRR ( LO 5 ) A firm evaluates all of its projects by applying the IRR rule. A project under

Problem 9-7 Calculating IRR (LO5)A firm evaluates all of its projects by applying the IRR rule. A project under consideration has the following cash flows:YeanCash Flow-$28,00012,00015,00011,000If the required return is 16% what is the IRR for this project? (Round the final answer to 2 decimal places.)IRRShould the firm accept the following project?@ AcceptO Reject

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