Question: Question 5) A firm is considering a project that is expected to generate a cash inflow of $40 million immediately. The project will require cash

 Question 5) A firm is considering a project that is expected

Question 5) A firm is considering a project that is expected to generate a cash inflow of $40 million immediately. The project will require cash expenditures of $15 million in 3 years, \$13 million is 6 years, and \$22 million is 8 years. The discount rate applicable to this project is 6% per year. What is this project's internal rate of return, and should the firm accept the project? Round all intermediate calculations to 6 decimal points. Your final answer for the internal rate of return should be within 0.02% of the correct answer choice. 1) The internal rate of return is 7.09%, the project should be rejected. 2) The internal rate of return is 7.09%, the project should be accepted. 3) The internal rate of return is 3.86%, the project should be rejected. 4) The internal rate of return is 3.86%, the project should be accepted

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