Question: Question 4 1 pts A project has an initial cost of $38,400 and projected cash inflows of $11,200, $19,600, and $18,100 for Years 1 to

Question 4 1 pts A project has an initial cost of $38,400 and projected cash inflows of $11,200, $19,600, and $18,100 for Years 1 to 3, respectively? The required rate of return for this investment is 8.7 percent. What is the IRR? Should this project be accepted or rejected based on IRR? 11.86%; accept 12.37%; reject 11.08%; reject 13.92%; accept 12.15%; accept PE

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